THE decline in receipts for Singapore’s services industries eased further in the first quarter of this year, with a dip of 1.5 per cent year on year, according to data from the Department of Statistics (SingStat) on Thursday. This is an improvement from the revised 7.6 per cent decline seen in Q4. Quarter on quarter, […]
Read MoreSINGAPORE – Official forecasts for Singapore’s key exports and overall merchandise trade have been raised, amid better-than-expected growth seen in the first quarter of 2021. Non-oil domestic exports (Nodx) are now expected to expand between 1 per cent and 3 per cent for the year, up from 0 per cent to 2 per cent. Total trade […]
Read MoreSINGAPORE – Singapore’s manufacturing output continued its upward trend for the sixth straight month in April, supported by strong performance in the precision engineering and chemicals clusters. Production increased 2.1 per cent year on year, according to data released by the Economic Development Board (EDB) on Tuesday (May 25). This was lower than the 3.5 […]
Read MoreSINGAPORE – Official forecasts for Singapore’s key exports and overall merchandise trade have been raised, amid better-than-expected growth seen in the first quarter of 2021. Non-oil domestic exports (Nodx) are now expected to expand between 1 per cent and 3 per cent for the year, up from 0 per cent to 2 per cent. Total trade […]
Read MoreSINGAPORE factory output rose 2.1 per cent in April, its sixth straight month of growth, as the linchpin electronics cluster continued to underpin gains. The latest growth eases from the year-on-year increase of 7.6 per cent in March, and fell short of the median estimate of 3.5 per cent expansion in a Bloomberg poll. When […]
Read MoreSINGAPORE’S first-quarter economic growth exceeded earlier estimates by more than one percentage point, but contrary to expectations, the Ministry of Trade and Industry (MTI) will not be upgrading its full-year outlook in view of “heightened uncertainties” associated with the Covid-19 pandemic. Gross domestic product (GDP) grew 1.3 per cent year on year in Q1, outperforming advance […]
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