Import, Export, Singapore Manufactured Products and Domestic Supply Price Indices fell 0.5%, 0.9%, 0.9% and 0.3% respectively in Oct 2015 over Sep 2015, due mainly to lower Machinery & Transport Equipment prices.
Business receipts of the services industries, excluding wholesale & retail trade and accommodation & food services, remained at a similar level in 3Q2015 over the previous quarter (non-seasonally adjusted).
Manufacturing output increased 2.5% in Oct 2015 on a seasonally adjusted month-on-month basis.
The Singapore economy grew by 1.9% on a year-on-year basis in 3Q2015. Real GDP growth is expected to be “close to 2.0%” in 2015, and “1.0% to 3.0%” in 2016.
The CPI in Oct 2015 fell 0.8% compared to Oct 2014. It declined 0.4% over Sep 2015.
Joint press release on "Consumer Price Developments in Oct 2015" by MAS and MTI.
Domestic wholesale trade (seasonally adjusted) decreased 9.6% in 3Q2015 over 2Q2015, partly due to lower prices of petroleum and chemical products. After removing the price effect, overall domestic wholesale trade increased 1.3% over the previous quarter.
Similarly, the lower prices of petroleum and chemical products had affected the foreign wholesale trade. Foreign wholesale trade (seasonally adjusted) declined 3.6% in 3Q2015 over 2Q2015. After removing the price effect, overall foreign wholesale trade increased 3.6%.
Results of the Economic Survey of Singapore, 3rd Qtr 2015 will be released on 25 November 2015, 8.00a.m.
Non-oil domestic exports rose by 1.1% in Oct 2015 on a month-on-month seasonally adjusted basis, after the previous month’s 2.8% expansion.
Household net worth grew 2.7% on a year-on-year basis in 3Q2015. Growth in household assets and liabilities has moderated in 3Q2015 compared to 2Q2015.
Last updated: 27 Nov 2015
© 2015 Government of Singapore