The Import, Export, Singapore Manufactured Products and Domestic Supply Price Indices rose 2.8%, 2.6%, 5.4% and 3.9% respectively in May 2016 over Apr 2016, due mainly to higher prices of oil.
Manufacturing output decreased 0.4% in May 2016 on a seasonally adjusted month-on-month basis.
The CPI in May 2016 went down 1.6% compared to May 2015. It fell 0.7% over Apr 2016.
Joint press release on "Consumer Price Developments in May 2016" by MAS and MTI.
Non-oil domestic exports rose 16.8% in May 2016 on a month-on-month seasonally adjusted basis, following the previous month’s 4.5% growth.
Retail sales, on a seasonally-adjusted basis, increased 1.1% in Apr 2016 compared to Mar 2016. Excluding motor vehicles, retail sales increased 0.1%. Seasonally-adjusted sales of food & beverage services decreased 0.2% in Apr 2016 compared to Mar 2016.
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.
Last updated: 29 Jun 2016
© 2016 Government of Singapore