Singapore Private Sector Slips Into Contraction - S&P Global

RTTNews | 603 hari yang lalu
Singapore Private Sector Slips Into Contraction - S&P Global

(RTTNews) - The private sector in Singapore fell into contraction territory in January, the latest survey from S&P Global revealed on Wednesday with a PMI score of 49.9.

That's down from 51.5 in December, and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.

Anecdotal evidence from panelists often linked weakness in January to the spread of COVID-19 in Singapore. This had a negative impact on new business and company operations. New business decreased for the first time in just over two years, albeit only marginally as resilient underlying demand limited the negative impact from the spread of illness.

Business activity decreased at the same pace as new orders, again bringing an end to a two-year sequence of expansion. Sector data showed that business activity decreased across the wholesale & retail, finance & insurance, and construction categories, but increased in manufacturing, consumer services, transport, information & communication and real estate & business services.

baca selengkapnya
Singapore Unexpectedly Tightens Monetary Policy

Singapore Unexpectedly Tightens Monetary Policy

The Monetary Authority of Singapore tightened its policy for the second straight time in order to cap inflationary pressures. The central bank unexpectedly increased the rate of appreciation of the S$NEER policy band slightly. However, the extent of the increase was smaller than that in April. There will be no change to the width of the policy band and the level at which it is centred.
RTTNews | 66 hari yang lalu
Singapore Central Bank Tightens Policy

Singapore Central Bank Tightens Policy

Singapore central bank tightened its monetary policy on Tuesday as escalating Middle East conflict drove sharp increases in energy prices. The Monetary Authority of Singapore decided to increase slightly the rate of appreciation of the S$NEER policy band. There will be no change to its width and the level at which it is centred.
RTTNews | 170 hari yang lalu
Singapore Upgrades 2026 Growth Outlook

Singapore Upgrades 2026 Growth Outlook

Singapore's economy is forecast to grow more than previous projections this year as the global economy outperformed expectations, and stronger AI-related exports are expected to sustain. The Ministry of Trade and Industry forecast the city-state economy to grow "2.0 percent to 4.0 percent" from "1.0 percent to 3.0 percent."
RTTNews | 233 hari yang lalu
Singapore Keeps Monetary Policy Unchanged

Singapore Keeps Monetary Policy Unchanged

Singapore central bank maintained its monetary policy setting and raised its inflation outlook on Thursday. The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of the S$NEER policy band and there will be no change to its width and the level at which it is centered.
RTTNews | 245 hari yang lalu