Economy

Economists maintain Singapore's 2017 GDP forecast at 2.5% but lopsided growth seen worsening

SINGAPORE - Private sector economists polled by Singapore's central bank maintained their 2017 growth forecast for the Singapore economy at 2.5 per cent but this headline number masks a deepening...

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Jump in June factory output sees economists revising upwards Q2 GDP growth estimates

BETTER-than-expected industrial production numbers in June have led economists to expect Singapore's gross domestic product (GDP) growth for the second quarter to be upgraded to closer to 3 per...

Singapore's June NODX up 8.2% from a year ago

SINGAPORE'S non-oil domestic exports (NODX) rose by 8.2 per cent to S$14.7 billion compared to a year ago in June 2017.

Singapore retail sales up 2.6% in April

SINGAPORE - Retail sales in Singapore rose 2.6 per cent in April from a year earlier, continuing its upward movement for the second month in a row after 2 per cent rise in March, data from the...

May manufacturing PMI points to slower industrial growth

The manufacturing sector's growth slowed in May, though that marked its ninth straight month of growth. This is according to the latest purchasing managers' index compiled by the Singapore...

Singapore non-oil domestic exports expand 15.2% in Q1

SINGAPORE'S non-oil domestic exports (NODX) expanded by 15.2 per cent year-on-year in the first quarter of this year, extending the 2.7 per cent increase in the previous quarter, on increased...

Singapore 2017 GDP growth 'likely higher' than last year's 2%: MTI

SINGAPORE'S economic growth this year is likely to be better than last year's 2 per cent, even as the city-state's Ministry of Trade and Industry (MTI) keeps its earlier forecast range of 1 to 3...

Growth in Singapore's manufacturing sector moderates to 8% in Q1 versus Q4

MODERATION is seen in Singapore's manufacturing sector in the first quarter, based on the latest data released by the Ministry of Trade and Industry on Thursday.

Singapore services sector's business sentiment improves for next 6 months

BUSINESS sentiment in Singapore's services sector for the next six months has improved, based on data from the Department of Statistics Singapore.

Singapore manufacturers optimistic over business outlook in next six months

SINGAPORE manufacturers are optimistic that business situation will improve in the next six months, based on a business expectation survey by the Economic Development Board released on Friday.

Singapore bank lending up 0.1% in March: MAS

BANK lending in Singapore gained 0.1 per cent in March from the month before amid flat business lending, preliminary data from the Monetary Authority of Singapore on Friday showed.