Business receipts of the services industries, excluding wholesale & retail trade and accommodation & food services, dropped 3.8% in first quarter 2016 over the previous quarter (non-seasonally adjusted).
The Export, Singapore Manufactured Products and Domestic Supply Price Indices fell 0.8%, 5.1% and 0.7% respectively in Apr 2016 over Mar 2016, due mainly to lower prices of electronics. The Import Price Index remained unchanged.
Manufacturing output increased 4.8% in April 2016 on a seasonally adjusted month-on-month basis.
The quarterly Unit Labour Cost index is now available by broad industry.
The Singapore economy grew by 1.8% on a year-on-year basis in 1Q2016. Real GDP growth is expected to be 1.0% to 3.0% in 2016.
The CPI in Apr 2016 went down 0.5% compared to Apr 2015. It edged down 0.1% over Mar 2016.
Joint press release on "Consumer Price Developments in Apr 2016" by MAS and MTI.
Domestic wholesale trade (seasonally adjusted) declined 17.2% in 1Q2016 over 4Q2015. Excluding petroleum, domestic wholesale trade contracted by 7.2%. Foreign wholesale trade (seasonally adjusted) decreased 13.0% in 1Q2016 over 4Q2015. Excluding petroleum, foreign wholesale trade fell 8.6%.
Household net worth grew by 3.3% on a year-on-year basis in 1Q2016. Growth in assets and liabilities has moderated in 1Q2016 compared to 4Q2015.
Results of the Economic Survey of Singapore, 1st Qtr 2016 will be released on 25 May 2016, 8.00a.m.
Last updated: 27 May 2016
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