The city state's gross domestic product rose 6.1% on an annualized, seasonally adjusted basis in the fourth quarter, besting the 2.7% on-quarter contraction estimated in January and accelerating from 0.3% on-quarter growth in the third-quarter.
Year over year, the Singapore economy grew by 5.5% in the fourth quarter of 2013, easing slightly from the 5.8% growth in the preceding quarter, the Ministry of Trade and Industry said in a statement. The government had previously estimated that the economy grew 4.4% on year in the fourth quarter.
The improvement largely came from a 7.0% on-year expansion in the manufacturing sector, helped by a stronger electronics cluster and continued strong growth in the transport engineering cluster, it said.
The government revised 2013 GDP growth to 4.1% from 3.7% reported in January and maintained the forecast of growth between 2% and 4% in 2014.