SINGAPORE (Reuters) – Singapore will report detailed data on gross domestic product (GDP) for the January-March quarter on May 25, the Ministry of Trade and Industry (MTI) said on Thursday.
The detailed data on first-quarter GDP, including performance by sector, will be released at 8 am (0000 GMT) next Thursday, MTI said in a statement.
The advance estimate of January-March GDP released on April 13 showed that Singapore’s economy contracted 1.9 percent from the previous quarter on a seasonally-adjusted and annualized basis. The first-quarter GDP expanded 2.5 percent compared with a year earlier.
Economists have flagged a possible upward revision to first-quarter GDP, after industrial production rose faster than expected in March from a year earlier, thanks to a continued surge in the electronics sector.
(Reporting by Masayuki Kitano; Editing by Sherry Jacob-Phillips)