Import, Singapore Manufactured Products and Domestic Supply Price Indices gained 0.8%, 2.9% and 1.8% respectively in Mar 2016 over Feb 2016, due mainly to higher Oil and Chemical Products prices. The Export Price Index fell 0.3%, attributed mainly to lower prices of electronics.
Majority of the firms in the services sector (a weighted 63%) expect the business situation to remain unchanged for the period of Apr - Sep 2016 compared with Oct 2015 - Mar 2016. In terms of net weighted balance, 13% of firms project less favourable conditions.
Overall, a net weighted balance of 1% of manufacturers expects an improved business situation for Apr – Sep 2016, compared to 1Q2016.
Employment is estimated to have grown by 11,400 in 1Q2016, slower than the seasonally high growth of 16,100 in 4Q2015.
The annual Supply, Use and Input-Output Tables (reference year 2012) have been released.
Manufacturing output increased 1.0% in Mar 2016 on a seasonally adjusted month-on-month basis.
The CPI in Mar 2016 went down 1.0% compared to Mar 2015. It remained unchanged when compared with Feb 2016.
Joint press release on "Consumer Price Developments in Mar 2016" by MAS and MTI.
Prices of private residential properties, retail space and office space fell 0.7%, 1.9% and 0.3% respectively in 1Q2016 compared with 4Q2015.
Non-oil domestic exports increased 0.2% in Mar 2016 on a month-on-month seasonally adjusted basis, in contrast to the previous month’s 4.2% decrease.
Last updated: 29 Apr 2016
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