Singapore Q2 2022 GDP 4.8%

The group of sectors comprising the information and communications, finance and insurance and professional services sectors expanded by 4.1 per cent on a year-on-year basis in the second quarter.

All sectors within the group posted expansions.

The remaining group of services sectors - accommodation and food services, real estate, administrative and support services and other services sectors - expanded by 8.2 per cent year-on-year in the second quarter, accelerating from the 3.5 per cent growth in the previous quarter.

Most sectors within the group expanded, with activities supported by the easing of COVID-19 measures, including border restrictions. Growth in the food services sector was bolstered by the removal of dine-in size limits at the end of April.