Singapore’s economy grew at an annualised, seasonally-adjusted rate of 6.4 per cent in the third quarter

Singapore’s economy grew at an annualised, seasonally-adjusted rate of 6.4 per cent in the third quarter, slightly below market expectations, advance Government data showed on Wednesday.

The advance estimate, based largely on data from July and August, gives an early indication of the economy’s performance in the July to September period.

Compared with a year earlier, gross domestic product was 9.4 per cent higher in the third quarter, amid a fast-growing financial sector and a sharp rise in construction activity prompted by a property boom. That figure was broadly in line with expectations of 9.6 per cent growth. — REUTERS

Source : Business Times - 10 Oct 2007