Singapore Economy & Singapore Markets Data analytics
MacroVar monitors real-time economic, financial and geopolitical developments for the Singapore economy and Singapore markets by analyzing financial, economic data and real-time news using statistical models. To help you forecast and analyze economic and financial developments, our team provides you with explanations of the theory and structure of our models and access to financial and economic data.
Singapore Overview
Singapore Overview presents the current trends and dynamics of the major Singapore financial markets and economic indicators. Select Details to get more information for each indicator, use Factors to monitor current statistical analysis of financial & economic factors affecting the specific asset, and select research to read the latest MacroVar research for the specific asset/indicator.
| Price | 1D% | M | T | B | Details | |||||||||
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| FTSE Straits Times Singapore | 3930.19 | -0.1 | 0.04 | 21.98 |  |
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| Singapore 2-year bond yield | 2.75 | -0.62 | -0.04 | -16.41 | |
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| Singapore 10-Year Bond Yield | 2.89 | -0.24 | -0.02 | -8.9 | |
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| Singapore Dollar US Dollar (SGD/USD) | 1.34 | -0.2 | -0.01 | -0.17 | |
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| Manufacturing PMI | 51.1 | 0 | 0 | 2 | |
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| Price | 1D% | M | T | B | Details | |||||||||
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| FTSE Straits Times Singapore | 3930.19 | -0.1 | 0.04 | 21.98 | |
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| Singapore ETF | 23.75 | -0.46 | 0.07 | 31.07 | |
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| Singapore 2-year bond yield | 2.75 | -0.62 | -0.04 | -16.41 | |
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| Singapore 10-Year Bond Yield | 2.89 | -0.24 | -0.02 | -8.9 | |
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| Singapore Yield Curve | 0.14 | 7.75 | 0.67 | -180.81 | |
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| Singapore Dollar US Dollar (SGD/USD) | 1.34 | -0.2 | -0.01 | -0.17 | |
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| Singapore Credit Default Swaps | 0 | 0 | 0 | 0 | |
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| Price | 1D% | M | T | B | Details | |||||||||
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| Composite PMI | 51.5 | -4 | -4 | -4 | |
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| Manufacturing PMI | 51.1 | 0 | 0 | 2 | |
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| GDP Growth (annual) | 5 | -7 | -7 | 11 | |
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| Inflation CPI | 1.6 | 14 | 14 | -56 | |
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| Unemployment rate | 1.9 | -5 | -5 | -21 | |
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| Price | 1D% | M | T | B | Details | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FTSE Straits Times Singapore | 3930.19 | -0.1 | 0.04 | 21.98 | |
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| Singapore 2-year bond yield | 2.75 | -0.62 | -0.04 | -16.41 | |
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| Singapore 10-Year Bond Yield | 2.89 | -0.24 | -0.02 | -8.9 | |
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| Singapore Dollar US Dollar (SGD/USD) | 1.34 | -0.2 | -0.01 | -0.17 | |
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| Singapore Credit Default Swaps | 0 | 0 | 0 | 0 | |
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Singapore Economic Overview
Singapore economic overview presents a snapshot of Singapore current economic conditions. You can find details for the Singapore economy subsections by exploring the sections below.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| Composite PMI | sg.comppmi | 57.2 | 55.2 | 4 | 12 | UP | UP |
| Manufacturing PMI | sg.manpmi | 50.9 | 51.1 | -0 | 0 | UP | UP |
Singapore Manufacturing
MacroVar tracks hundreds of indicators related to Singapore manufacturing. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of goods in the Singapore economy.
| 1Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| Manufacturing PMI | sg.manpmi | 50.9 | 51.1 | -0 | 0 | UP | UP |
| industrial production | sg.indproduction | 10.6 | 10.8 | -2 | -762 | UP | UP |
Singapore consumer sentiment
Consumer spending makes up 67% of the U.S. Economy. MacroVar monitors direct consumer reports like the University of Michigan Consumer Sentiment Index and indirect macroeconomic indicators related to Singapore employment and Singapore consumer activity (building permits).
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| unemployment rate | sg.unemploymentrate | 1.9 | 2s | -5 | -21 | Down | Down |
| retail sales | sg.retailsalesan | -2.9 | -0.5s | 480 | 867 | Down | Down |
| retail sales MoM | sg.retailsales | -1.5 | -2.8s | -46 | 0 | Down | Down |
| car registrations | sg.carregistrations | 4267.0 | 7561s | -44 | 9 | Down | UP |
Singapore Construction
The Singapore construction sector is a significant component of the Singapore economy. MacroVar monitors leading indicators of construction activity like building permits and new home sales.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| new home sales | sg.newhomesales | 1083.0 | 203 | 433 | 285 | UP | UP |
Singapore Macroeconomic outlook
Singapore Macroeconomic outlook presents an overview of the long-term fundamental coincident factors of the Singapore economy. Components monitored are the country's rserves, debt, Monetary Policy and Fiscal Policy. Explore Singapore macroeconomic model in detail.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| gdp | sg.gdp | 501.43 | 466.79 | 7 | 79 | UP | UP |
| Real GDP | sg.realgdp | 140838.0 | 140712 | 0 | 11 | UP | UP |
| gdp growth annual | sg.gdpgrowthan | 5.0 | 5.4 | -7 | 11 | UP | UP |
| gdp growth | sg.gdpgrowth | 0.5 | 3.2 | -84 | -600 | Down | UP |
| inflation cpi | sg.inflationcpi | 1.6 | 1.4 | 14 | -56 | Down | Down |
| unemployment rate | sg.unemploymentrate | 1.9 | 2 | -5 | -21 | Down | Down |
| government debt | sg.govdebt | 1265765.5 | 1235080 | 2 | 63 | UP | UP |
| external debt | sg.externaldebt | 2762551.7 | 2756530 | 0 | 20 | UP | UP |
| government debt to gdp | sg.govdebtgdp | 170.8 | 157.1 | 9 | 69 | UP | UP |
| current account | sg.currentaccount | 28814.1 | 33894.9 | -15 | 12 | Down | UP |
| current account to gdp | sg.currentaccountgdp | 19.8 | 18 | 10 | -8 | UP | Down |
| exports | sg.exports | 53318.8 | 54720.1 | -3 | -8 | Down | Down |
| imports | sg.imports | 55925.83 | 56238.4 | -1 | 15 | UP | UP |
| foreign exchange reserves | sg.fxreserves | 510558.0 | 506710 | 1 | 7 | UP | UP |
| gold reserves | sg.goldres | 219.96 | 227.61 | -3 | 43 | UP | UP |
| government revenues | sg.govrev | 7227.5 | 10951.2 | -34 | 9 | Down | UP |
| fiscal expenditure | sg.fiscalexp | 19474.1 | 7110.6 | 174 | 112 | UP | UP |
Singapore Inflation
MacroVar monitors major inflation indexes and subcompoonents based on Bureau of Labour Statistics monthly report.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend |
|---|---|---|---|---|---|---|
| inflation cpi | sg.inflationcpi | 1.6 | 1.4 | 14 | -56 |  |
| core inflation rate | sg.coreinflationrate | 1.8 | 1.9 | -5 | -45 |  |
| Produce Prices YoY | sg.producerpricesch | 1.5 | -3.9 | -138 | 67 |  |
Singapore Employment
MacroVar monitors leading indicators (ISM/NMI employment activity), coincident (Initial & Continuing jobless claims) and lagging indicators of Singapore employment. Singapore employment is one of the major factors affecting Singapore monetary policy.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| unemployment rate | sg.unemploymentrate | 1.9 | 2 | -5 | -21 | Down | Down |
Singapore Monetary Policy
Singapore Monetary policy is monitored by tracking the most important indicators related to the Fed's balance sheet and interest rates.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| central bank balance sheet | sg.cb.assets | 807340.5 | 803031 | 1 | 8 | UP | UP |
| banks balance sheet | sg.banks.bs | 3742373.1 | 3554700 | 5 | 12 | UP | UP |
| money supply m1 | sg.msm1 | 284095.7 | 283490 | 0 | 9 | UP | UP |
| money supply m2 | sg.msm2 | 828324.8 | 823406 | 1 | 6 | UP | UP |
| government debt to gdp | sg.govdebtgdp | 170.8 | 157.1 | 9 | 69 | UP | UP |
| loans to private sector | sg.loanprivate | 834991.5 | 819362 | 2 | 5 | UP | UP |
| Singapore Credit Rating (S&P) | RATING.S&P.SP | ||||||
| Singapore Credit Rating (Moody's) | RATING.MOODYS.SP | ||||||
| Singapore Credit Rating (Fitch) | RATING.FITCH.SP |
Singapore Fiscal Policy
Singapore Fiscal policy is monitored by tracking the most important indicators related to the Treasury's decisions on government spending, revenues and budget surplus/deficit.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| government revenues | sg.govrev | 7227.5 | 10951.2 | -34 | 9 | Down | UP |
| fiscal expenditure | sg.fiscalexp | 19474.1 | 7110.6 | 174 | 112 | UP | UP |
| government budget | sg.govbudget | -1.6 | -0.8 | 100 | -180 | Down | Down |
| Government budget | sg.govbudgetvalue | -11987.1 | 5586 | -315 | 376 | Down | Down |
| government debt | sg.govdebt | 1265765.5 | 1235080 | 2 | 63 | UP | UP |
| government debt to gdp | sg.govdebtgdp | 170.8 | 157.1 | 9 | 69 | UP | UP |
Singapore Trade
Singapore trade activity is monitored by tracking Trade and Capital flows.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| current account | sg.currentaccount | 28814.1 | 33894.9 | -15 | 12 | Down | UP |
| current account to gdp | sg.currentaccountgdp | 19.8 | 18 | 10 | -8 | UP | Down |
| balance of trade | sg.balanceoftrade | 2936.42 | 3800.85 | -23 | -61 | Down | Down |
| imports | sg.imports | 55925.83 | 56238.4 | -1 | 15 | UP | UP |
| exports | sg.exports | 53318.8 | 54720.1 | -3 | -8 | Down | Down |
| capital flows | sg.capitalflows | 39070.5 | 17110.6 | 128 | 87 | UP | UP |
| foreign direct investment | sg.fdi | 60759.5 | 44666.4 | 36 | 74 | UP | UP |
| external debt | sg.externaldebt | 2762551.7 | 2756530 | 0 | 20 | UP | UP |
| foreign exchange reserves | sg.fxreserves | 510558.0 | 506710 | 1 | 7 | UP | UP |
| gold reserves | sg.goldres | 219.96 | 227.61 | -3 | 43 | UP | UP |