Singapore’s economy surges for second straight quarter as manufacturing rebounds

October 1st, 2009 ISM: Manufacturing sector grew in SeptemberNEW YORK — A private measure of the manufacturing sector grew for a second straight month in September, but at a slower pace than in August, another sign pointing to a bumpy economic recovery. The Institute for Supply Management, a trade group of purchasing executives, said Thursday that its index measuring the industrial sector read 52.6 last month.

September 1st, 2009 Obama: Manufacturing growth a good signWASHINGTON — President Barack Obama says a promising report on the state of U.S. manufacturing is a sign that the hurting economy is moving in the right direction.

July 24th, 2009 SKorea economy grows at fastest pace in 5 1/2 yrsSEOUL, South Korea — Government pump-priming and easy credit jolted South Korea's economy to its fastest growth in nearly six years in the second quarter, adding to evidence Asia is rebounding from the global slump. The region's fourth-largest economy expanded 2.3 percent in the three months ended June 30, the Bank of Korea said Friday, as record low interest rates and government stimulus spending insulated it from the global downturn.

July 24th, 2009 SKorea's economy grows 2.3 percent in 2nd quarterSEOUL, South Korea — South Korea's economy recorded its strongest growth in 5½ years in the second quarter as increased government spending and record low interest rates insulated it from the global recession. Asia's fourth-largest economy expanded 2.3 percent in the three months ended June 30, the Bank of Korea said Friday in a report.

July 24th, 2009 S. Korea economy grows at fastest pace in 5½ yearsSEOUL, South Korea — South Korea's economy recorded its strongest growth in 5½ years in the second quarter as increased government spending and record low interest rates insulated it from the global recession. Asia's fourth-largest economy expanded 2.3 percent in the three months ended June 30, the Bank of Korea said Friday.

July 17th, 2009 Singapore exports drop, show little improvementSINGAPORE — The slump in Singapore's non-oil exports eased only slightly in June, suggesting the city-state's economy still faces a tough battle after emerging from recession in the second quarter. Exports fell 11 percent in June from the same month of 2008 to 11.4 billion Singapore dollars ($7.9 billion) following a 12 percent drop in May, according to Trade and Industry Ministry figures released Friday.

July 7th, 2009 UK mfg output down 1.2 percent in quarterLONDON — The government is reporting that U.K. manufacturing output fell by 1.2 percent in the March-May quarter compared to the previous three months.

June 25th, 2009 WASHINGTON - The US economy shrank 5.5 percent in the first quarter of 2009, according to a final estimate by the US commerce department Thursday that confirms the worst six-month stretch in five decades. The department's final figure was improved slightly from a previous estimate of a 5.7-percent contraction.

June 17th, 2009 Singapore exports drop again, but show improvementSINGAPORE — The slump in Singapore's non-oil exports eased in May, suggesting the most important sector of the city-state's economy is stabilizing. Exports fell 12 percent in May from the same month of 2008 to 10.9 billion Singapore dollars ($7.5 billion) following a 19 percent drop in April, according to Trade and Industry Ministry figures released Wednesday.

May 21st, 2009 SINGAPORE - Singapore's export-reliant economy contracted 10.1 percent in the first quarter of 2009 compared to a year ago and could shrink by 6 to 9 percent for the whole year, the government said Thursday. Amid the global economic downturn, the city-state is in its worst recession since independence from Malaysia in 1965.

May 1st, 2009 Mexico: Economy down near 7 percent in 1st quarterMEXICO CITY — Mexico says its economy shrank nearly 7.0 percent in the first quarter from the previous year, as manufacturing exports plunged 22.8 percent. Mexico's Treasury Department says the drop "is due to the deterioration of global economic conditions." It says the country lost 372,289 jobs during the quarter.

April 24th, 2009 Oil rig builder Keppel says 1Q profit rises 9 pctSINGAPORE — Singapore's Keppel Corp., the world's largest builder of offshore oil rigs, said first quarter net profit rose 9 percent from a year earlier as rig income grew. Keppel reported late Thursday a net profit of 285 million Singapore dollars ($190 million) for the three months ended March 31, compared with S$262 million a year earlier.

April 24th, 2009 SKorean economy shrinks 4.3 percent in 1st quarterSEOUL, South Korea — South Korea's economy contracted 4.3 percent in the first quarter of 2009 from the same period last year, as manufacturing and exports slumped amid the global downturn, the Bank of Korea announced Friday. That marks the second straight quarter that South Korea's economy grew smaller.

March 16th, 2009 SINGAPORE - Singapore's economy is expected to recover slightly in the final quarter of 2009, just after sliding even deeper into recession during the first three quarters of the year, a survey by the city-state's central bank showed Monday. A poll of 20 economists and analysts by the Monetary Authority of Singapore in February showed they expect Singapore's gross domestic product (GDP) to fall 8.5 percent in the first quarter 2009 compared to the same period a year ago.

December 25th, 2008 SINGAPORE - Singapore's manufacturing output in November declined by 7.5 percent compared with the same month last year, according to the Economic Development Board Friday. On a seasonally adjusted month-on-month basis, output rose 6.2 percent in November, due to a higher level of production in the biomedical manufacturing cluster, the state agency said.