Singapore’s economy up 4.1 pct in Q3

SINGAPORE, Oct. 14 (Xinhua) — The Singapore economy grew 4.1 percent year-on-year in the third quarter, extending the 2.9 percent growth in the previous quarter, according to the advance estimates released by the Ministry of Trade and Industry Monday.
The manufacturing sector expanded 7.5 percent year-on-year in the third quarter, rebounding from the 1.1 percent contraction in the previous quarter.
All manufacturing clusters, except the biomedical manufacturing cluster, recorded an increase from June to September.
Supported by public sector construction output, the construction sector grew 3.1 percent year-on-year in the third quarter, easing from the 4.8 percent growth in the preceding quarter.
The growth of services-producing industries moderated from 3.6 percent in the second quarter to 3.3 percent in the third quarter. ■