SINGAPORE - The Singapore economy grew a moderate 2.6 per cent in the first three months of 2015 over the same period a year ago, faster than the 2.1 per cent expansion seen in the previous quarter, the Ministry of Trade and Industry (MTI) said on Tuesday.
This was more than the 2.1 per cent advance estimate released in April, and higher than the 2.2 per cent figure expected by economists in a Reuters poll.
The manufacturing sector was the main drag, contracting 2.7 per cent in January to March over the same period last year, due largely to declines in electronics, transport engineering and biomedical output.