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August 01, 2023
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Singapore unemployment rate 2.0% in Jul-23


- The unemployment rate in Singapore increased to 2.0% in July 2023, the highest level since September 2022, indicating potential challenges in the labor market.
- Despite the increase, the current rate remains relatively favorable compared to historical averages, standing 0.50 percentage points below the long-run average.
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.

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