The economy eased by 4.1% in the third quarter of 2022. When the global economy suffered from energy crunch and strict lockdowns, Singapore's economy was also affected as its growth eased by 4.1% year-on-year (YoY) in the third quarter (Q3) of 2022. Amongst the sectors that posted a slower pace of growth was the manufacturing sector, which expanded 0.8% YoY in Q3 2022 from 5.6% growth last quarter. 'Growth during the quarter was supported by output expansions in the transport engineering, general manufacturing and precision engineering clusters, which outweighed output declines in the electronics, chemicals and biomedical manufacturing clusters,' said the Ministry of Trade and Industry (MTI).

https://sbr.com.sg/economy/news/how-industries-performed-singapore-economy-eases

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