The CPI in Jul 2016 went down 0.7% compared to Jul 2015. It fell 0.3% over Jun 2016.
Joint press release on "Consumer Price Developments in Jul 2016" by MAS and MTI.
Household net worth grew by 4.2% on a year-on-year basis in 2Q2016. Growth in assets and liabilities has strengthened in 2Q2016 compared to 1Q2016.
Domestic wholesale trade (seasonally adjusted) rose 5.5% in 2Q2016 over 1Q2016. Excluding petroleum, domestic wholesale trade contracted by 2.2%. Foreign wholesale trade (seasonally adjusted) increased 9.1% in 2Q2016 over 1Q2016. Excluding petroleum, foreign wholesale trade grew by 2.1%.
Non-oil domestic exports decreased 1.8% in Jul 2016 on a month-on-month seasonally adjusted basis, following the previous month’s 13.0% contraction.
Retail sales, on a seasonally-adjusted basis, decreased 1.5% in Jun 2016 compared to May 2016. Excluding motor vehicles, retail sales declined 3.7%. Seasonally-adjusted sales of food & beverage services decreased 3.3% in Jun 2016 compared to May 2016.
The Singapore economy grew by 2.1% on a year-on-year basis in 2Q2016. Real GDP growth is expected to be 1.0% to 2.0% in 2016.
Results of the Economic Survey of Singapore, 2nd Qtr 2016 will be released on 11 Aug 2016, 8.00a.m.
The Import and Domestic Supply Price Indices rose 0.4% and 0.2% respectively in Jun 2016 over May 2016. The Export and Singapore Manufactured Products Price Indices fell 0.7% and 3.3% respectively.
An overall net weighted balance of 6% of firms in the services sector projects less favourable business conditions for the period of Jul - Dec 2016 compared with Jan - Jun 2016.
Last updated: 23 Aug 2016
© 2016 Government of Singapore