新加坡第二季度经济增长缓慢

Singapore's economic growth stalled in the second quarter as manufacturing activity in the country plunged¹.

新加坡制造业不景气导致第二季度经济增长缓慢。

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As economies in the region try to rein in growth demand for goods has been slowing down
Growth was 0.5% in the three months to the end of June compared with a year earlier, a sharp decline from 9.3% growth in the previous quarter.

Singapore authorites said the sharp turnaround was led by a drop in demand for semiconductor³ computer chips.

Manufacturing was down 5.5% in the second quarter compared with a year ago.

Singapore has been struggling to maintain last year's record pace of growth.

Compared to the previous three months, GDP contracted at a rate equivalent to an annual 7.8%.

The weaker-than-expected numbers have led to concerns that the city-state may not be able to meet its growth targets for the year.

"The growth forecast of 5-7% that the government has is looking a bit too positive," said Chua Bin⁴ of Bank of America-Merrill Lynch.

The services sector⁵ recorded modest growth of 3.3% year-on-year, down from 7.6% in the January-March period, reflecting a slowdown in the distribution and financial sectors⁶, the Trade and Industry Ministry⁷ said.