The Magazine for Asian Investors
The Economic Development Board (EDB) of Singapore announced that Singapore’s manufacturing output rose 0.5% in August 2022 from a year earlier, following a 0.8% increase in July, and a 2.6% increase in June. Excluding biomedical production, manufacturing output fell 1.2%…
The core inflation rate in Singapore rose by 5.1% in August. This was mainly due to rising food and service prices. The figure was up from 4.8% in July when inflation hit a 14-year high. Last time Singapore reported a…
Singapore’s non-oil domestic exports (NODX) rose 11.4% in August from a year earlier, following a 7% growth in July. Enterprise Singapore (ESG) said Friday (Sept. 16) that exports of non-electronics products rose, while exports of electronics products fell from a…
According to the Singapore National Statistics Office (DOS), retail sales in Singapore rose 13.7% year-on-year in July, following a 14.9% increase in June. Excluding auto sales, retail sales in Singapore rose 18.1% in July, following a 19.9% increase in June.…
Many economists have warned that Asia is likely to be hit by a recession in the U.S. However, some countries in Southeast Asia will be hit harder than others, including Singapore and Thailand. The U.S. continues to struggle with inflation…
The Singapore government said the country’s industrial output rose 0.6% in July from a year earlier, due in part to electronic equipment manufacturing and a decline in biomedical production. On a seasonally adjusted monthly basis, industrial production fell by 2.3%…
The Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS) announced that their core consumer price index (CPI) rose to 4.8% year-on-year from 4.4% the previous month. In June, the general consumer price index (CPI-All Items)…
Enterprise Singapore, Singapore’s trade promotion agency, said Singapore’s non-oil exports (NODX) grew 7% slower year-on-year in July, following an 8.5% increase in June, the 20th consecutive month of growth. The report states that exports of electronic and non-electronic products also…
The Singapore Ministry of Trade and Industry (MTI) reported that Singapore’s gross domestic product (GDP) grew by 4.4% year-on-year in the second quarter of this year. This was slightly below the previous estimate of 4.8% growth. According to the MTI,…
Data from the Economic Development Board (EDB) show that Singapore’s industrial production grew at a slower pace of 2.2% in June. This was impacted by the decline in semiconductor and pharmaceutical production. Excluding biomedical manufacturing, growth in June was lower…
