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October 04, 2023
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Singapore PMI Composite 54.2 in Sep-23

- Singapore's PMI Composite increased to 54.2 in September 2023, indicating a robust recovery in the manufacturing sector and overall economic activity.
- The PMI reading surpasses the previous month's level and stands significantly higher than the long-term average, signaling above-average growth and positive momentum in Singapore's economy.

October 02, 2023
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Singapore Residential Property Price Growth 0.5% q-o-q in Q3-23

- Singapore residential property prices saw a modest 0.5% q-o-q growth in Q3-23, marking the highest growth since Q1-23.
- However, this growth falls below both the one-year and long-run average growth rates, indicating a market that is still recovering.

September 26, 2023
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Singapore industrial production -12.14% y-o-y (consensus -3.1) in Aug-23

- Singapore's industrial production recorded a significant year-on-year decline of 12.14% in August 2023, which is considerably lower than market expectations of a 3.1% decrease.
- This is the lowest growth rate since February 2023 and falls 7.28 percentage points under the one-year average and 18.80 percentage points under the long-run average. The weak performance in the industrial production sector raises concerns for Singapore's overall economic outlook.

September 25, 2023
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Singapore CPI inflation 4.04% y-o-y (consensus 4.0) in Aug-23

- Singapore's CPI inflation rate in August 2023 recorded a marginal growth of 4.04% year-on-year, consistent with the consensus forecast of 4.0%.
- This growth represents the lowest rate since January 2022 and indicates a potential deceleration in general price levels.

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