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Ministry of Trade and Industry (MTI)
Singapore economy
Singapore's manufacturing sector contracts in September after 10-month growth streak
The decline was no thanks to a shrinkage in the output of the biomedical segment.
October 26, 2021
Singapore economy
Singapore all-items CPI up 2.4% in August; core inflation up by 1.1% y-o-y
MAS core inflation is still expected to average between 0-1%; CPI-All items inflation is forecast to come in between 1-2% in 2021.
September 23, 2021
Singapore economy
Singapore all-items CPI up 2.5% y-o-y in July
The higher headline inflation was mainly due to the higher electricity & gas costs, higher accommodation and food inflation.
August 23, 2021
Singapore economy
Singapore's economy grows by 14.7% in 2Q21; 2021 GDP range upgraded to 6% and 7%
The move follows the pick up in vaccination rates, particularly in key advanced economies.
August 11, 2021
Singapore economy
Economists raise Singapore 2021 GDP forecasts to at least 6.5% despite 2Q21 flash estimates missing consensus
Singapore’s GDP grew 14.3% y-o-y in the 1Q21, compared to consensus estimates of 14.8%.
July 14, 2021
Singapore economy
Singapore’s GDP expands 14.3% y-o-y in 2Q2021
On a q-o-q seasonally-adjusted basis, the Singapore economy contracted by 2% in 2Q2021.
July 14, 2021
Singapore economy
Singapore's manufacturing output up by 30% y-o-y in May on low base in 2020, exceeding analysts' expectations
Analysts have also upgraded their manufacturing output estimates for the full-year 2021.
June 25, 2021
Singapore economy
Singapore's GDP expands 1.3% y-o-y in 1Q21; MTI keeps 4-6% growth forecast for 2021
The 1Q2021 expansion was mainly supported by the manufacturing, finance & insurance and wholesale trade sectors.
May 25, 2021
Singapore economy
Singapore's manufacturing sector expands by 7.6% in March; final 1Q21 GDP expected to be stronger
Singapore’s GDP should expand by 0.9% in 1Q21, assuming no major revisions to the services and construction sectors: Economists
April 26, 2021
Singapore economy
Singapore's inflation levels pick up in March
Singapore’s core and headline inflation remained in the green with both metrics edging up in March.
April 23, 2021