Retail Sales in Singapore
Singapore - Retail SalesEarly indicators suggest growth has remained soft in Q2 after recording the worst year-on-year outturn in nearly a decade. In April, the SIPMM manufacturing PMI marked the lowest point since 2016 and non-oil domestic exports shrank owing to a fall in electronics exports. Nevertheless, growth should accelerate throughout the remainder of Q2: A tight labor market and low inflation will stoke private spending, while stronger non-residential construction activity and a recovery in business loans should also boost domestic demand. In other news, the Central Bank (MAS) agreed to transfer SGD 45 billion (USD 33 billion) of its required reserves to public coffers managed by the state-owned investment firm GIC, in order to improve long-term returns. Moreover, the MAS will begin disclosing FX interventions in July 2020, which will ensure clarity over the direction of monetary policy.
Singapore - Retail Sales Data
|Retail Sales (annual variation in %)||-4.3||0.3||4.6||1.4||1.3|
5 years of economic forecasts for more than 30 economic indicators.
Singapore Retail Sales Chart
Source: Singapore Ministry of Trade and Industry and Met the why particular calculations.
|Bond Yield||1.96||1.39 %||Jun 13|
|Exchange Rate||1.37||-0.01 %||Jun 13|
|Stock Market||3,221||0.18 %||Jun 13|
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June 4, 2019
The manufacturing PMI produced by the Singapore Institute of Purchasing and Materials Management (SIPMM) ticked down to 49.9 points in May from 50.3 in April, registering the worst reading since August 2016.
May 23, 2019
Consumer prices decreased 0.3% over the previous month in April, following the 0.1% fall recorded in March.
May 21, 2019
Comprehensive national accounts data released on 21 May showed that the economy slowed by marginally more than previously estimated in the first quarter.
May 17, 2019
Non-oil domestic exports (NODX) decreased by 11.0% year-on-year in April, slightly less than March’s 11.8% drop.
May 4, 2019
The manufacturing PMI produced by the Singapore Institute of Purchasing and Materials Management (SIPMM) ticked down to 50.3 points in April from 50.8 points in March, marking the weakest reading since November 2016.