Singapore recession deepens: Weak economy, high uncertainty mean hard adjustments

The economy has probably bottomed out, but there's still a long way to go before a recovery appears on the horizon or the jobs situation returns to anywhere near normal.

Singapore retail sales see worst-ever 40.5% plunge in April on Covid-19 circuit breaker

SINGAPORE - Singapore's retail sales in April suffered their biggest drop since 1985 when records began as circuit breaker measures to fight the cornavirus pandemic kicked in.

Retail sector suffers worst year since 2013

The struggling retail sector has just suffered its worst year since 2013, with more pain to come as it braces for the fallout from the coronavirus outbreak.

Singapore retail sales down for 10th month in November with 4% drop

SINGAPORE - Retail sales slid for the tenth consecutive month in November, weighed down again by falling vehicle sales, according to figures out on Friday (Jan 10) by the Department of Statistics...

Brighter picture for 2020 after muted growth last year

Singapore's economic growth was muted last year, with modest expansion recorded in the fourth quarter, but the growth picture looks to be brighter this year.

Expansionary Budget, growth in services may ease trade war risks

Singapore's advance growth estimates are a sign that the economy could be set to expand at a relatively faster pace in the new year.

Retail sales fall again for ninth month in October

Takings at the till slid for the ninth straight month in October, but it may not be all doom and gloom for the rest of the year, experts said.

Manufacturing downturn may be bottoming out as Singapore factory activity improves in November

SINGAPORE - Manufacturing sentiment remains in the doldrums but a key gauge out on Tuesday (Dec 3) suggests that the seven-month slump at the factory gate may be over.

Singapore core inflation falls to 2-year low

The measure came in at 1.2 per cent year-on-year in June, down from 1.3 per cent in May, due to lower services and retail inflation, as well as a steeper decline in the cost of electricity and gas...

Singapore's economy grows just 0.1% in Q2, lowest in decade and worse than expected

Economists flag heightened risk of a technical recession as all key sectors contracted from the first quarter.

Retail sales slip 0.4% in August, down for second month on slump in car sales

SINGAPORE - Singapore retail sales fell for a second month in August, again on the back of lower vehicle sales, according to figures released by the Department of Statistics on Friday (Oct 12)....