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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.

Singapore PMI Composite 53.6 in Aug-23

- Singapore's PMI Composite for August 2023 recorded a robust reading of 53.6, surpassing the previous value of 51.3 and indicating accelerated economic growth.
- This figure stands 0.04 points above the one-year average, highlighting the improved economic conditions and suggesting a favorable business environment.

Singapore PMI manufacturing 49.9 in Aug-23

- Singapore's PMI manufacturing recorded a reading of 49.9 in August 2023, indicating a potential stabilization and slight improvement in the sector.
- The PMI reading is the highest since February 2023 and slightly above the one-year average, suggesting a gradual recovery.

Singapore industrial production -0.63% y-o-y (consensus -3.8) in Jul-23

- Singapore's industrial production declined by 0.63% year-on-year in July 2023, surpassing market expectations of a larger contraction.
- The sector experienced its highest level of growth since January 2023, but remains below the long-run average, indicating ongoing challenges.