Fiscal Balance in Singapore

Singapore Fiscal Balance | Economic News & Forecasts

Singapore - Fiscal Balance

The economy came to a near stand-still in the second quarter according to preliminary GDP data, dragged down by floundering manufacturing production amid the ongoing U.S.-China trade war and lackluster tech demand. Other data throughout the quarter points to a broad-based weakening. Both the manufacturing and electronics PMIs fell further into contractionary territory in June, driven mainly by declining output and new orders. Moreover, non-oil domestic exports posted the sharpest contraction in annual terms in over three years in May, owing to weaker global demand for tech amid swirling trade tensions. Similarly, retail sales fell again in May as consumers likely responded to greater international uncertainty, boding poorly for private consumption in the quarter. This follows a limp Q1, which was hit by a contraction in exports of goods and services, and only partially offset by an increase in private consumption growth.

Singapore - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)1.3  0.1  -1.0  1.4  2.3  

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Singapore Facts

Bond Yield1.921.39 %Jul 11
Exchange Rate1.36-0.01 %Jul 11
Stock Market3,3500.18 %Jul 11

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