DBS predicts Singapore's GDP to be revised higher

SINGAPORE (Aug 10): Singapore may revise its 2Q GDP higher to report a 2.8% on-year growth, compared with a 2.5% gain in preliminary estimates released last month.

The early data didn't account for June industrial output, which grew a stronger-than-expected 13.1% on year.

Even the services sector, which accounts for two-thirds of Singapore's GDP, is expected to have improved, DBS says, pointing to stronger loans, container throughput and re-exports data.

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