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July 26, 2023
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Singapore industrial production -4.83% y-o-y (consensus -6.8) in Jun-23

- Singapore's industrial production contracted by 4.83% year-on-year in June 2023, outperforming market expectations of a larger decline. This marks the highest growth since April 2023.
- However, the current industrial production level remains significantly below historical averages, indicating ongoing weaknesses and a deviation from the sector's typical performance over the long run.

July 24, 2023
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Singapore CPI inflation 4.51% y-o-y (consensus 4.55%) in Jun-23

- Singapore's CPI inflation dropped to 4.51% y-o-y in June 2023, marking the lowest growth since February 2022.
- The current CPI inflation is 1.79 percentage points below the one-year average and 1.93 percentage points above the long-run average.

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