Singapore's Q1 economy grew a moderate 2.6%

Sunny morning comrade, updates the latest economic data from Singapore, Singapore's economy grew a moderate 2.6 percent in the first three months of 2015 compared to the same period last year, faster than the 2.1 percent expansion seen than the previous quarter, according a report from the Department of Trade and Industry Singapore

This increase was more than 2.1 per cent of the estimate, compared to data released in April, and higher than the 2.2 per cent of the expectations of market participants and investorsThere are points of this growth yaiut ballast manufacturing sector into ballast point, the manufacturing sector contracted 2.7 per cent in January-March compared to the same period last year, largely due to a decrease in the electronics sector, transport and biomedical

Conversely, the finance and insurance sector recorded the fastest growth, up about 7.9 percent in the first quarter, the previous period 10.3 percent growth rate in the previous three months.Other sectors such as business services and wholesale trade also recorded pertumbuhan.Departemen retail Trade and Industry Singapore said it strived to maintain the 2015 GDP growth forecast in the range of 2.0 to 4.0 percent.

The era of global crisis such as the current economic outlook is much changed since the beginning of the year, with global growth expected to slightly increase compared to 2014, economic growth is quite good in the United States and ASEAN is expected to lift the foreign trade industry involving Singapore as wholesale retail trade, financial services and insurance.