The Import, Export, Singapore Manufactured Products and Domestic Supply Price Indices fell 2.1%, 1.6%, 0.8% and 2.2% respectively in Mar 2017 over Feb 2017.
The services sector expects similar business conditions for the period of Apr - Sep 2017 compared with Oct 2016 – Mar 2017.
Overall, a net weighted balance of 7% of manufacturers anticipates a favourable business situation for Apr – Sep 2017, compared to 1Q2017.
Prices of private residential properties fell 0.4% while prices of retail space and office space both fell 4.0% in 1Q2017 compared with 4Q2016.
Manufacturing output increased 5.0% in Mar 2017 on a seasonally adjusted month-on-month basis.
The CPI in Mar 2017 went up 0.7% compared to Mar 2016. It remained unchanged over Feb 2017.
Joint press release on "Consumer Price Developments in Mar 2017" by MAS and MTI.
Non-oil domestic exports decreased 1.1% in Mar 2017 on a month-on-month seasonally adjusted basis, after the previous month’s 1.1% growth.
Advance estimates for 1Q2017 indicate that real GDP contracted by 1.9%, on a quarter-on-quarter seasonally-adjusted annualised basis, after posting a strong rebound of 12.3% in 4Q2016.
Retail sales, on a seasonally-adjusted basis, increased 2.3% in Feb 2017 compared to Jan 2017. Excluding motor vehicles, retail sales rose 0.4%. Seasonally-adjusted sales of food & beverage services decreased 4.8% in Feb 2017 compared to Jan 2017.
Last updated: 28 Apr 2017
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