International Reserves in Singapore
Singapore - International ReservesThe economy is expected to be sinking deeper into recession in the second quarter, after contracting at the sharpest rate in over a decade in the first quarter. The manufacturing and electronics PMIs dropped to new lows in April, both registering the worst readings seen since the global financial crisis as containment measures and decimated demand curbed production. Moreover, strict lockdown measures are set to continue until 1 June before a gradual reopening, keeping economic activity halted. On a brighter note, exports continued to grow in April, overshooting market expectations. However, the reading was largely due to volatile pharmaceutical shipments, while exports of petrochemicals and electronics contracted.
Singapore - International Reserves Data
|International Reserves (USD)||248||247||280||288||279|
5 years of economic forecasts for more than 30 economic indicators.
Singapore International Reserves Chart
Source: Monetary Authority of Singapore and FocusEconomics calculations.
|Bond Yield||1.74||1.39 %||Dec 31|
|Exchange Rate||1.34||-0.01 %||Jan 01|
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June 17, 2020
Singapore’s non-oil domestic exports (NODX) fell 4.5% year-on-year in May, contrasting April’s 9.7% increase and marking a six-month low.
June 2, 2020
Both the manufacturing and electronics Purchasing Managers’ Indexes (PMIs) regained some lost ground in May, after falling to the worst readings in over 10 years in April amid a shock from the Covid-19 pandemic.
May 27, 2020
Comprehensive data revealed that Singapore’s economy contracted at a more moderate pace than expected in the first quarter of the year.
May 26, 2020
Consumer prices dropped 0.92% in April over the previous month, a sharper drop then March's 0.30% fall.
May 18, 2020
Singapore’s non-oil domestic exports (NODX) grew 9.7% year-on-year in April, below March’s notable 17.6% expansion which benefited from a positive base effect.