Tue, 15 Apr 2014Singapore's economy grew by 5.1% on a year-on-year basis in Q1 of 2014, slightly lower than the 5.5% growth in the previous quarter. This is based on advance estimates from the Ministry of Trade and Industry.

The manufacturing sector grew by 8.0%, largely due to a sharp rebound in biomedical manufacturing output and stronger growth in chemicals output. The construction and services sectors grew by 6.5% and 4.7% respectively.

For more on the Singapore market, please see Recruiter’s Global Spotlight on the country in our April issue out soon.