Singapore Economic Outlook
September 19, 2017The economy remains in good shape in Q3, after accelerating in the second quarter. A pick-up in external demand is fueling growth and supporting the important electronics cluster, as evidenced by the latest PMI reading and export data for the first two months of Q3. In July, industrial production registered an impressive jump mainly on the back of an expansion in electronics production and a surge in precision-engineering output. Some signs of improvement have also come from the troubled housing market. August data on private residential resale prices and volumes suggest the possibility of a recovery, while continued growth in retail sales could be a harbinger of strengthening household spending. On 14 September, Halimah Yacob, a member of the Malay minority, was sworn in as president, a largely ceremonial role.
Singapore Economy Data
5 years of Singapore economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||2.07||-1.05 %||Oct 13|
|Exchange Rate||1.35||-0.23 %||Oct 13|
|Stock Market||3,319||0.49 %||Oct 13|
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Singapore Economic Growth
September 19, 2017After two years of subdued growth, the economy should accelerate somewhat this year and broadly stay the course in 2018 thanks to recovering global demand. It is also expected to benefit from an expansive fiscal stance. Growth could nevertheless be hindered by increased global protectionism and possible further tightening by the Fed. Analysts expect the economy to grow 2.5% in 2017 and 2.3% in 2018, unchanged from last month’s forecast.
Singapore Economic News
October 13, 2017
At its second semi-annual meeting this year on 13 October, the Monetary Authority of Singapore (MAS) decided to leave the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged at zero percent.
October 3, 2017
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) rose from 51.8 in August to 52.0 in September, marking its best result since April 2011.
September 26, 2017
In August, consumer prices grew 0.3% from the previous month, contrasting July’s 0.2% fall.
September 18, 2017
Non-oil domestic exports (NODX) jumped 17.0% in August, accelerating notably from July’s revised already strong 7.6% increase (previously reported: +8.4% year-on-year).
September 13, 2017
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) rose from 51.0 in July to 51.8 in July, marking its best result since November 2014.