31 Dec '15, 4am

Want to know the real health of Singapore's economy? It's worth waiting an extra month

Want to know the real health of Singapore's economy? It's worth waiting an extra month

If you want to know precisely how well the Singapore economy is doing, you may want to give the advance estimate due Jan. 4 a miss and wait for the final reading in February. The reason: there has been a difference of 4.3 percentage points on average between the advance and final readings of gross domestic product growth since the start of 2010, based on annualized quarter-on-quarter data compiled by Bloomberg. The difference is a narrower 1 percentage point for U.S. GDP and 1.6 percentage points for Japan’s. The disparity for Singapore’s GDP data has exceeded 10 percentage points twice during the period: the first being the third quarter of 2010 and the second in the last quarter of 2013. Annualized quarter-on-quarter GDP growth has differed between advance and final readings. Source: Bloomberg data compiled from government releases The discrepancy doesn’t stem from any f...

Full article: http://www.bloomberg.com/news/articles/2015-12-31/singapo...

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