Current Account in Singapore
Singapore - Current AccountAvailable data suggests that the economy remained on weak footing in the fourth quarter, largely on the back of lingering external headwinds. Although industrial production expanded at the strongest clip in nearly a year in October, the manufacturing and electronics PMIs remained stuck in contraction in October–November, amid the uncertain global backdrop and the continuation of the tech downcycle. International trade tensions also fed through to the external sector again in October, with exports contracting at a stronger pace; nevertheless, the monthly trade surplus widened in the same month as imports fell at a steeper pace. Meanwhile, consumer loans fell again in October, although business loan growth accelerated in the same month.
Singapore - Current Account Data
|Current Account (% of GDP)||15.7||17.9||17.2||17.5||16.4|
5 years of economic forecasts for more than 30 economic indicators.
Singapore Current Account Chart
Source: Singapore Ministry of Trade and Industry and FocusEconomics calculations.
|Bond Yield||1.74||1.39 %||Dec 31|
|Exchange Rate||1.34||-0.01 %||Jan 01|
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January 6, 2020
Business conditions in Singapore’s private-sector economy showed signs of improvement in December.
January 2, 2020
The Singaporean economy continued to grow at a subdued rate in the final quarter of last year, with year-on-year growth coming in at 0.8% according to an advanced estimate.
December 23, 2019
Consumer price rose 0.34% month-on-month in November, contrasting the revised 0.35% decline in October (previously reported: -0.40% month-on-month).
December 17, 2019
The Singaporean external sector remained in a tough spot midway through the final quarter of the year as global trade tensions dragged on.
December 4, 2019
Operating conditions in both the manufacturing and the electronics sector deteriorated at a softer pace in November.