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SINGAPORE--Singapore's economic growth unexpectedly contracted in the second quarter as the country's manufacturing sector dragged overall output.
Gross domestic product for the three months to June 30 fell 0.8% on a seasonally adjusted and annualized basis compared with the previous quarter, according to advance estimates by the Ministry of Trade and Industry on Monday. This compared with a revised 1.6% increase in the first quarter.
The median forecast by seven economists polled by The Wall Street Journal was for 2.2% growth.
The city-state's economy is estimated to have expanded 2.1% on year in the second quarter, compared with a median 3.0% increase tipped by the economists. GDP had risen a revised 4.7% on year in the first quarter.
Manufacturing output rose 0.2% on year in the second quarter, compared with a 9.9% expansion the previous quarter.
Services output grew 2.8% on year in the three-month period, while the construction sector expanded 5.0%, the data showed.
Measured on quarter on a seasonally adjusted and annualized basis, the services sector grew 5.2% in the second quarter. The manufacturing sector contracted 19.4%, while the construction sector expanded 2.6%.