Singapore's gross domestic product was up a seasonally adjusted annualized 1.8 percent in the first quarter of 2013 compared to the previous three months, the Ministry of Trade and Industry said in Thursday's revised reading.
That's sharply higher than last month's advanced estimate that showed a 1.4 percent contraction - although it's still down from the 3.3 percent increase in the fourth quarter of 2012.
On a yearly basis, GDP added 0.2 percent versus estimates for a 0.6 percent decline and a 1.5 percent gain in Q4.
Upon the release of the data, the MTI said it will maintain its GDP growth forecast for 2013 at 1.0 to 3.0 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.