SINGAPORE’S retail sales rose 7.5 per cent year on year in October, picking up from 6.8 per cent in the month before, in part as new product launches boosted mobile phone sales. On a month-on-month, seasonally adjusted basis, retail sales were up by 0.7 per cent, cooling against 6.1 per cent in September. Retail sales […]
Read MoreSINGAPORE’S retail sales rose 1.9 per cent year on year in November, slowing from the previous month’s 7.5 per cent rise, according to a Department of Statistics (Singstat) release on Wednesday (Jan 5). But October’s high figure had been partly driven by increased mobile phone sales due to new launches, noted Singstat. Food and beverage services […]
Read MoreSINGAPORE – Manufacturing activity grew for the 18th straight month in December, amid optimism in the industry that growth will continue into this year, data out on Tuesday (Jan 4) showed. This was despite concerns over the Omicron variant of Covid-19 and disruptions to supply chains, experts said. The December reading of the Singapore Purchasing Managers’ Index […]
Read MoreSINGAPORE – The growth in Singapore’s private home prices accelerated in the final quarter of last year, with a 5 per cent jump over the previous three months, underscoring the hot market that triggered December’s new property cooling measures. For the whole of 2021, prices surged 10.6 per cent, which is the highest annual growth […]
Read MoreSINGAPORE’S economic recovery ended 2021 on a stronger-than-expected note, stoking optimism among private sector economists – though most are sticking to their forecasts for 2022, for now. In the year ahead, high vaccination rates should support further reopening and lessen the risk of disruptive restrictions, while the recovery broadens across the services sectors, said economists. […]
Read MoreSINGAPORE (BLOOMBERG) – Private housing rents in Singapore have climbed to a six-year high, and analysts anticipate further increases as demand outweighs supply. That is adding to costs for expatriates here at a time when inflationary pressures are building. The Covid-19 pandemic can be blamed for much of the gains: a shortage of migrant workers has contributed […]
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