External Debt in Singapore
Singapore - External DebtFirst-quarter GDP growth was revised upwards to 3.7% from a preliminary reading of 3.4%. Manufacturing growth was stronger than previously estimated, while robust private consumption was supported by the reopening of the economy. Moving to the second quarter, the economy seems to be performing solidly. Industrial production expanded at a robust pace in April, supported by the transport engineering sector. Moreover, in April and May the manufacturing and electronics PMIs remained in expansionary territory. On the downside, export growth cooled in April, weighed down by Covid-19 lockdowns in China, although it regained traction in May. Meanwhile, the IMF concluded its Article IV Mission in late May, praising the government’s tightening monetary policy stance and prudent normalization of fiscal policy following its timely policy response to the pandemic.
Singapore - External Debt Data
|External Debt (% of GDP)||429||437||420||414||418|
5 years of economic forecasts for more than 30 economic indicators.
Singapore External Debt Chart
Source: Singapore Department of Statistics and FocusEconomics calculations.
|Bond Yield||1.74||1.39 %||Dec 31|
|Exchange Rate||1.34||-0.01 %||Jan 01|
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August 4, 2022
The Purchasing Managers’ Indices (PMIs)—produced by the Singapore Institute of Purchasing and Materials Management (SIPMM)—for the manufacturing sector dipped in July, as did the electronics PMI. However, both remained within expansionary terrain.
July 25, 2022
Consumer prices jumped 1.00% in June over the previous month, following the 0.99% increase logged in May.
July 20, 2022
Non-oil domestic exports (NODX) rose 9.0% over the same month last year in June (May: +12.0% year-on-year).
July 15, 2022
The economy expanded 4.8% year on year in the second quarter of 2022, accelerating from Q1’s 4.0% growth but below market expectations.
July 15, 2022
In an unscheduled meeting on 14 July, the Monetary Authority of Singapore (MAS) re-centered the policy band of the Singapore dollar’s nominal effective exchange rate (S$NEER) to its prevailing level, with the S$NEER having been around 1.65% above the midpoint of the policy band before the announcement.