India, May 21 -- Singapore's gross domestic product expanded 3.9 percent on year in the first quarter of 2025, the Ministry of Trade and Industry said on Thursday.
That beat expectations for a gain of 3.8 percent after rising 5.0 percent in the three months prior.
On a seasonally adjusted quarterly basis, GDP contracted 0.6 percent - but that also beat forecasts for a decline of 0.8 percent following the 0.5 percent increase in the previous three months.
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On a year-on-year basis, GDP growth in the first quarter was largely driven by the wholesale trade, manufacturing and finance & insurance sectors. In particular, growth in the manufacturing and wholesal...