Unemployment in Singapore
Singapore - UnemploymentRevised data showed growth mellowed markedly in the third quarter and by more than previously reported, on weaker-than-previously-estimated growth in the manufacturing and services sectors. However, the contraction in the construction sector was smaller than initially announced. Looking at Q4, PMI data for October and November illustrates further softening in the manufacturing sector as new orders and employment gravitate closer to negative territory, while the electronics sector contracted in November. Nevertheless, non-oil domestic export growth ticked up in October—albeit thanks to the volatile pharmaceutical subsector. On the political front, tensions with neighbor Malaysia are escalating due to a dispute over maritime boundaries. However, there is unlikely to be a noticeable economic impact and mutual economic interests will likely stop the disagreement escalating too much further.
Singapore - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Singapore Unemployment Chart
Source: Singapore Ministry of Manpower.
|Bond Yield||2.19||1.39 %||Jan 14|
|Exchange Rate||1.35||-0.01 %||Jan 14|
|Stock Market||3,173||0.18 %||Jan 14|
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Singapore: Manufacturing PMI falls to over one-year low in November; electronics PMI dips into contractionary territory
December 4, 2018
The manufacturing PMI produced by the Singapore Institute of Purchasing and Materials Management (SIPMM) edged down to 51.5 points in November from 51.9 points in October, marking the weakest performance in over one year.
November 23, 2018
Consumer prices fell 0.3% over the prior month in October, following a flat reading in September.
November 23, 2018
A comprehensive estimate by the Ministry of Trade and Industry (MTI) released on 23 November revealed GDP growth was much weaker than previously estimated.
November 16, 2018
Non-oil domestic exports (NODX) increased 8.3% year-on-year in October, up from September’s downwardly revised 8.1% expansion (previously reported: +8.3% year-on-year) and handsomely above market expectations of a tepid 1.0% expansion.
Singapore: Manufacturing PMI dips to an over one-year low in October, weighed on by Sino-American trade tensions
November 2, 2018
The manufacturing PMI produced by the Singapore Institute of Purchasing and Materials Management (SIPMM) ticked down to 51.9 points in October from 52.4 in September, which was the weakest print since August 2017.