27 August, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS July 2019 industrial production Manufacturing weakness abates amid regional semiconductor rebound, and incremental gains in chemicals and transport engineering. Tech output surge to be short-lived as higher US-China tariffs loom from September. The
18 June, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS May 2019 trade NODX slumped 15.9% yoy in May, the slowest since March 2016, dampened by weaknesses in non-electronics and electronics. Singapore’s trade outlook would likely remain bleak as the downturn in electronics
27 May, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS Singapore’s industrial production index rises 0.1% in April, beating expectations Singapore’s IPI increased 0.1% yoy in Apr due to sharp improvements in semiconductor output, but the rebound could be short-lived. Early read-through from
21 May, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS April 2019 trade NODX plunged 10% in April, on weakness in electronics and non-electronics. Downside risks to Singapore’s GDP growth and inflation outlook have intensified as protracted US-China talks weigh on trade recovery
29 April, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS March 2019 industrial production The IPI contracted by 4.8% yoy in March due to declines in all clusters except for biomed, transport engineering and general manufacturing. External headwinds and benign core inflation risks
16 April, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS MAS monetary policy review MAS kept its monetary policy stance unchanged today as real GDP growth eased to 1.3% yoy in 1Q19 amid accelerating headwinds in manufacturing MAS expects 2019F GDP growth slightly
27 March, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS February 2019 industrial production Industrial output rose by 0.7% yoy in February on gains in biomedical, and slower declines in electronics and precision engineering. Notably, January’s readings were revised from -3.1% yoy to
1 March, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS January 2019 industrial production Singapore‟s IPI fell 3.1% yoy in Jan, the first decline in 13 months, due to setbacks in the electronics and precision engineering clusters. Potential de-escalation in US-China trade tensions
22 October, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS September 2018 trade NODX jumped to 8.3% yoy in September after a slower gain of 5.0% yoy in August due to sturdier growth in pharmaceuticals and narrower contraction in electronics. MAS raised the
17 October, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS MAS monetary policy review MAS steepened the slope of the S$NEER slightly, while maintaining the width and centre of the policy band, signaling further tightening of monetary policy. The policy decision was underpinned
