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Maybank expects flash 3Q GDP at 3.8% as manufacturing charges ahead

Singapore economy

Maybank expects flash 3Q GDP at 3.8% as manufacturing charges ahead

PC Lee Published on Tue, Sep 26, 2017 / 6:03 PM GMT+8

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SINGAPORE (Sept 26): GDP growth is expected to strengthen significantly in the third quarter with flash estimates seen coming in at +3.8%, up sharply from the +2.9% in 2Q, predicts Maybank Kim Eng.

This comes after data from the Singapore Economic Development Board showed industrial production continued to surge upwards with pharmaceuticals joining the rally.

Maybank says its full year GDP growth forecast at 3% and the government’s 2%-3% forecast now face upside risk.

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