According to preliminary data from the Singapore Bureau of Statistics, Singapore's economy grew at an annual rate of 2% in the fourth quarter of 2023..8%。

The data marked the 12th consecutive quarter of positive growth and the strongest GDP growth since the third quarter of 2022.。These data further show that Singapore's recovery is gaining momentum.。

GDP growth in the third quarter has increased from 1.1% down to 1%。

Singapore's services sector continues to grow (YoY + 2.4%, compared to 2 in the third quarter.3%), driven by continued growth in wholesale and retail trade, transportation, information and communication, and accommodation, real estate and other services。

Meanwhile, activity in the manufacturing sector rebounded strongly (YoY + 3.2%, compared with a year-on-year decline of 4 in the third quarter..7%), thanks to output expansion in all areas except precision engineering。

In addition, activity in Singapore's construction sector accelerated (YoY + 9.1%, compared to 6 in the third quarter.2%)。

Quarterly, Singapore's GDP in Q4 grew 1.7%, compared with 1 in the third quarter.3% growth accelerated。

On Tuesday, the Singapore dollar lost 0 percent of its value against the dollar.17%, USD / SGD currency pair last quoted at 1.3218。