Manufacturing Leads Singapore's GDP Growth With 11% YoY Rise in Q3
Manufacturing Leads Singapore's GDP Growth With 11% YoY Rise in Q3
On the flip side, growth in the service and construction sectors fell to 0.9% quarter-on-quarter (QoQ).GDP is expected to drop in 2025.
預計2025年GDP將下降。
Singapore's gross domestic product (GDP) grew by 5.4% year-on-year (YoY) in Q3 2024, driven primarily by the manufacturing sector, Oxford Economics reported.
根據牛津經濟的報告，新加坡2024年第三季度的國內生產總值（GDP）同比增長了5.4%，主要受到製造業板塊的推動。
The manufacturing sector saw an 11% YoY increase, recovering from the 1.1% contraction in Q2. Domestic electronic products also grew by 17% YoY during the same period.
製造業板塊同比增長了11%，從第二季度的1.1%收縮中恢復過來。同期，國內電子產品也同比增長了17%。
On the flip side, growth in the service and construction sectors fell to 0.9% quarter-on-quarter (QoQ).
另一方面，服務業和施工板塊的環比增長降至0.9%。
In 2025, Singapore's exports are expected to benefit from the ongoing upturn in the global tech cycle but at a slower pace.
在2025年，新加坡的出口預計將受益於全球科技週期的持續上行，但增速將放緩。
Oxford Economics said that with global growth projected to rise slightly to 2.8% in 2025 from 2.7% this year, export growth is expected to remain cautious, limiting potential gains in business investments.
牛津經濟表示，預計全球增長將在2025年從今年的2.7%略微上升至2.8%，出口增長預計將保持謹慎，限制業務投資的潛在收益。
Meanwhile, private consumption is expected to decrease to 2.5% in 2025, down from 6.1% growth this year, primarily due to fewer interest rate cuts following Trump's re-election.
與此同時，私人消費預計將在2025年降至2.5%，低於今年的6.1%增長，這主要是由於特朗普連任後利率減息的次數減少。
