SINGAPORE, Nov 25 — Singapore’s economy grew more than initially estimated last quarter as manufacturing improved, with a strengthening recovery in the US boosting demand for the island’s shipments.

Gross domestic product rose an annualised 3.1 per cent in the three months through September from the previous quarter, when it fell a revised 0.3 per cent, the Ministry of Trade and Industry said in a statement today. That compares with an October estimate of a 1.2 per cent gain and the median forecast of 1.5 per cent in a Bloomberg News survey of 10 economists.

Singapore’s economy will expand 3 per cent this year as a projected slowdown in the global economy damps the growth outlook the rest of this year, the ministry said today. GDP will probably rise 2 per cent to 4 per cent in 2015, it said. “Increasingly, we’re seeing more positive signs,” Irvin Seah, an economist at DBS Group Holdings Ltd. in Singapore, said before the data. “Hopefully this much-anticipated recovery in the global economy would also be manifest in stronger export and industrial production numbers.” — Bloomberg