EPI = 100 − |inflation| − unemployment − deficit/GDP + GDP growth. Source: IMF WP/13/214 (Khramov & Lee, 2013).
Deficit/GDP sourced from Singapore MOF 2024
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| 2.3 | 2.2 | 2.3 | In Line | Rising4th Consecutive Increase | ||
| 2.2 | 2 | 2.2 | In Line | Rising4th Consecutive Increase | ||
| 0.6 | -0.2 |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| 1.9 | 2 | 2 | Miss | Falling2nd Consecutive Decrease |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| GDP Growth Rate YoY | 5.4 | 6.2 | 5 | Beat | Falling2nd Consecutive Decrease | |
| 1.1 | 1.5 | 1.2 | Miss | Falling2nd Consecutive Decrease |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| -1 | 0.6 | 0.3 | Miss | Falling3rd Consecutive Decrease | ||
| 0.7 | 1.3 | 1.7 | Miss | Falling3rd Consecutive Decrease |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| 9.038 | 13.764 | 15.5 | Miss | Falling2nd Consecutive Decrease | ||
| Trade Balance | 5.948 | 4.99 | — | Rising2nd Consecutive Increase |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| Manufacturing PMI | 51.7 | 51.5 | 51.5 | Beat | Rising5th Consecutive Increase | |
| Composite PMI | 58.1 | 59.4 | 56.4 | Beat |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| 2.65 | 2.35 | — | Rising2nd Consecutive Increase | |||
| 2.3 | 2.09 | — | Rising3rd Consecutive Increase |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| 1-Year T-Bill Auction | 1.92 | 1.68 | — | Rising5th Consecutive Increase | ||
| 1.84 | 1.85 | — | Falling3rd Consecutive Decrease |
| Beat |
| Rising2nd Consecutive Increase |
| CPI | -0.5 | 0.3 | — | Falling3rd Consecutive Decrease |
| CPI YoY | 1.2 | 1.2 | 1.2 | In Line | Rising3rd Consecutive Increase |
| CPI MoM | 0.6 | -0.5 | — | Falling3rd Consecutive Decrease | ||
| Producer Price Index YoY | 38.8 | 33.6 | 35 | Beat | Rising3rd Consecutive Increase |
| Gross Domestic Product YoY | 5.9 | 6.3 | 5.7 | Beat | Rising2nd Consecutive Increase |
| Gross Domestic Product QoQ | 1.4 | 1.2 | 1.1 | Beat | Rising2nd Consecutive Increase |
| Business Confidence | 12 | 17 | 5 | Beat | Falling2nd Consecutive Decrease |
| Current Account | 37.08 | 40.82 | 36.5 | Beat | Falling2nd Consecutive Decrease |
| Import Prices YoY | 15.6 | 13.5 | 14.9 | Beat | Rising3rd Consecutive Increase |
| Export Prices YoY | 15.2 | 13.1 | 15.3 | Miss | Rising3rd Consecutive Increase |
| Non-Oil Exports MoM | 25.5 | 10.8 | 5.2 | Beat | Rising4th Consecutive Increase | |
| Non-Oil Exports YoY | 68.4 | 46.1 | 33.8 | Beat | Rising4th Consecutive Increase |
| Industrial Production YoY | 15.4 | 6.9 | 6 | Beat | Rising2nd Consecutive Increase |
| Industrial Production MoM | -0.5 | 2.3 | 1 | Miss | Falling2nd Consecutive Decrease |
| PMI | 59.4 | 59.2 | 58.7 | Beat | Rising4th Consecutive Increase |
| SIPMM Manufacturing PMI | 51.5 | 51.4 | 51.5 | In Line | Rising5th Consecutive Increase | |
| Nikkei PMI | 52.1 | 53.3 | 51.1 | Beat | Falling2nd Consecutive Decrease | |
| Singaporean PMI | 50.8 | 51.2 | — |
| 2-Year Bond Auction | 1.84 | 1.6 | — | Rising2nd Consecutive Increase |
| 5-Year Bond Auction | 1.75 | 1.61 | — | Rising3rd Consecutive Increase |
| 30-Year Bond Auction | 3.11 | 3.28 | — |
| 20-Year Bond Auction | 2.8 | 1.86 | — |
| MAS 4-Week Bill Auction | 1.69 | 1.7 | — | Falling3rd Consecutive Decrease |
| 6-Month T-Bill Auction | 1.9 | 1.92 | — | Falling2nd Consecutive Decrease |
| Foreign Exchange Reserves | 553.6 | 550.7 | 554 | Miss | Rising3rd Consecutive Increase |
| URA Property Index QoQ | 1.4 | 0.5 | 0.3 | Beat | Rising2nd Consecutive Increase | |
| Bank Lending | 966.4 | 939.1 | 945 | Beat | Rising5th Consecutive Increase | |
| 2-Year Bond Yield | 1.4 | 1.67 | — | Falling4th Consecutive Decrease | ||
| 3.08 | 2.8 | — | ||||
| 50.6 | 49.4 | — |
