Singapore Economy

Singapore’s gdp growth annual decreased to -5.8 by -56.39% on July 2020 from -13.3 in the previous Quarterly. On a year on year basis Singapore’s gdp growth annual decreased by -226.09%. Singapore’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.0333333.Singapore’s inflation cpi decreased to -0.1 by -50.0% on November 2020 from -0.2 in the previous Monthly. On a year on year basis Singapore’s inflation cpi decreased by -125.0%. Singapore’s inflation cpi trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.00833333.Singapore’s unemployment rate icnreased to 3.6 by 28.57% on May 2020 from 2.8 in the previous Quarterly. On a year on year basis Singapore’s unemployment rate increased by 71.43%. Singapore’s unemployment rate trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.35833.

Singapore Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
FTSE Straits Times Singapore STI 3119 0.5 0.75 0.51137 56.6274 -1.51 0.32 -2.35 -0.1176
Singapore ETF EWS 22.9 1 0.75 0.98388 60.9773 -1.34 -0.09 -4.66 -0.09672
Singapore Dollar US Dollar (SGD/USD) SGDUSD 1.36 -0.5 -1 -1.91838 32.6162 0.5 1.05 2.65 -0.01776
Singapore 5-Year Bond Yield SG.5Y 0.84 -0.5 -1 -0.61963 38.7012 -7.69 -7.69 7.69 -0.69355
Singapore 2-year bond yield SG.2Y 0.37 -0.5 -0.25 -0.58566 35.8787 -6.33 -14.94 -15.91 -0.82253
Singapore Yield Curve SG.YC 1.02 0.5 0.25 0.55749 59.2503 -6.42 -6.85 -11.3 1.22807
Singapore Credit Default Swaps CDS.Singapore 25.56 1 1 2.35775 83.1306 0.33542 0.40132 0.57389 0.18388

FTSE Straits Times Singapore closed down by -0.00886% to 2843.81 on 23 January 2021 and +0.00367% on a weekly basis. FTSE Straits Times Singapore momentum was last calculated at +0.5/100 indicating positive momentum. FTSE Straits Times Singapore trend is +0.75/100 indicating a positive trend. FTSE Straits Times Singapore momentum exhaustion is 0.51137 indicating FTSE Straits Times Singapore is oversold.Singapore ETF closed up by 0.00928% to 21.76 on 23 January 2021 and +0.01493% on a weekly basis. Singapore ETF momentum was last calculated at +1.0/100 indicating positive momentum. Singapore ETF trend is +0.75/100 indicating a positive trend. Singapore ETF momentum exhaustion is 0.98388 indicating Singapore ETF is oversold.Singapore 10-Year Bond Yield closed up by 0.05294% to 0.895 on 23 January 2021 and +0.04678% on a weekly basis. Singapore 10-Year Bond Yield momentum was last calculated at +0.0/100 indicating positive momentum. Singapore 10-Year Bond Yield trend is -0.5/100 indicating a negative trend. Singapore 10-Year Bond Yield momentum exhaustion is -0.55115 indicating Singapore 10-Year Bond Yield is oversold.Singapore Dollar US Dollar (SGD/USD) closed up by 0.00061% to 1.3221 on 23 January 2021 and +-0.00519% on a weekly basis. Singapore Dollar US Dollar (SGD/USD) momentum was last calculated at -0.5/100 indicating negative momentum. Singapore Dollar US Dollar (SGD/USD) trend is -1.0/100 indicating a negative trend. Singapore Dollar US Dollar (SGD/USD) momentum exhaustion is -1.91838 indicating Singapore Dollar US Dollar (SGD/USD) is oversold.Singapore Credit Default Swaps closed up by 0.33542% to 25.56 on 23 January 2021 and +0.40132% on a weekly basis. Singapore Credit Default Swaps momentum was last calculated at +1.0/100 indicating positive momentum. Singapore Credit Default Swaps trend is +1.0/100 indicating a positive trend. Singapore Credit Default Swaps momentum exhaustion is 2.35775 indicating Singapore Credit Default Swaps is oversold.

 

 

Singapore News

Singapore Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual 14.3 1.3 10 2.1087 1.0 1.0 1 2021-04-01
inflation cpi 2.4 2.1 0.142857 7 1.0 1.0 0.983333 2021-05-31
unemployment rate 2.9 3.3 -0.121212 0.45 1.0 1.0 0.966667 2020-11-30
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 50.8 50.7 0.00197239 0.0583333 1.0 1.0 0.95 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 728756 704721 0.0341057 0.409335 1.0 1.0 0.95 2020-07-01
government debt to gdp 131 126.3 0.037213 0.374607 1.0 1.0 0 2019-02-28
external debt 2237430 2210680 0.0121003 0.137437 1.0 1.0 0.35 2021-01-01
foreign exchange reserves 535459 525770 0.0184282 0.215146 1.0 1.0 0.9 2021-06-30
gold reserves 127.4 127.4 0 0 -1.0 -1.0 0.508333 2019-06-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 24625.2 19622.6 0.254941 0.514325 1.0 1.0 0.8 2021-01-31
current account to gdp 17.6 14.3 0.230769 0.213793 -1.0 1.0 0 2020-01-31
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
central bank balance sheet 527028 522190 0.00926483 0.284435 1.0 1.0 1 2021-03-31
banks balance sheet 1536970 1526580 0.00680606 0.0239231 1.0 1.0 0.05 2021-05-31
money supply m2 729258 733101 -0.00524212 0.0698282 1.0 1.0 0.633333 2021-05-31
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget 3193.2 1604.9 0.989657 -1.40774 1.0 1.0 0.183333 2021-05-31
government revenues 10407.7 5366.5 0.939383 1.30106 1.0 1.0 0.95 2021-05-31
fiscal expenditure 7214.5 3761.6 0.917934 -0.416043 -1.0 -1.0 0.0333333 2021-05-31

Singapore’s gdp growth annual decreased to -5.8 by -56.39% on July 2020 from -13.3 in the previous Quarterly. On a year on year basis Singapore’s gdp growth annual decreased by -226.09%. Singapore’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.0333333.Singapore’s inflation cpi decreased to -0.1 by -50.0% on November 2020 from -0.2 in the previous Monthly. On a year on year basis Singapore’s inflation cpi decreased by -125.0%. Singapore’s inflation cpi trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.00833333.Singapore’s unemployment rate icnreased to 3.6 by 28.57% on May 2020 from 2.8 in the previous Quarterly. On a year on year basis Singapore’s unemployment rate increased by 71.43%. Singapore’s unemployment rate trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.35833.Singapore’s manufacturing pmi decreased to 50.4 by -0.2% on November 2020 from 50.5 in the previous Monthly. On a year on year basis Singapore’s manufacturing pmi increased by 1.2%. Singapore’s manufacturing pmi trend is down since the current value of 50.4 is lower than the 12 month moving average of 48.7917.Singapore’s composite pmi decreased to 46.7 by -3.91% on November 2020 from 48.6 in the previous Monthly. On a year on year basis Singapore’s composite pmi decreased by -7.34%. Singapore’s composite pmi trend is down since the current value of 46.7 is lower than the 12 month moving average of 42.5583.Singapore’s business confidence decreased to -3.0 by -57.14% on May 2020 from -7.0 in the previous Quarterly. On a year on year basis Singapore’s business confidence decreased by -160.0%. Singapore’s business confidence trend is down since the current value of -3.0 is lower than the 12 month moving average of -7.25.

Singapore Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 38 32 0.1875 1.92308 1.0 1.0 0.9 2020-07-01
manufacturing pmi 50.8 50.7 0.00197239 0.0583333 1.0 1.0 0.95 2021-06-30
composite pmi 50.1 54.4 -0.0790441 0.159722 1.0 1.0 0.933333 2021-06-30

Singapore’s business confidence decreased to -3.0 by -57.14% on May 2020 from -7.0 in the previous Quarterly. On a year on year basis Singapore’s business confidence decreased by -160.0%. Singapore’s business confidence trend is down since the current value of -3.0 is lower than the 12 month moving average of -7.25.Singapore’s manufacturing pmi decreased to 50.4 by -0.2% on November 2020 from 50.5 in the previous Monthly. On a year on year basis Singapore’s manufacturing pmi increased by 1.2%. Singapore’s manufacturing pmi trend is down since the current value of 50.4 is lower than the 12 month moving average of 48.7917.Singapore’s composite pmi decreased to 46.7 by -3.91% on November 2020 from 48.6 in the previous Monthly. On a year on year basis Singapore’s composite pmi decreased by -7.34%. Singapore’s composite pmi trend is down since the current value of 46.7 is lower than the 12 month moving average of 42.5583.

Singapore Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
car registrations 6254 5453 0.146892 2.01834 -1.0 1.0 0.966667 2021-06-30

Singapore’s car registrations decreased to 6810.0 by -0.71% on November 2020 from 6859.0 in the previous Monthly. On a year on year basis Singapore’s car registrations decreased by -15.12%. Singapore’s car registrations trend is down since the current value of 6810.0 is lower than the 12 month moving average of 5738.42.

Singapore Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 50.8 50.7 0.00197239 0.0583333 1.0 1.0 0.95 2021-06-30
industrial production 30 2.3 12.0435 -4.79747 1.0 1.0 0.1 2021-05-31
industrial production mom 7.2 -0.4 -19 -1.4586 1.0 1.0 0.35 2021-05-31

Singapore’s manufacturing pmi decreased to 50.4 by -0.2% on November 2020 from 50.5 in the previous Monthly. On a year on year basis Singapore’s manufacturing pmi increased by 1.2%. Singapore’s manufacturing pmi trend is down since the current value of 50.4 is lower than the 12 month moving average of 48.7917.Singapore’s industrial production decreased to -0.9 by -103.52% on October 2020 from 25.6 in the previous Monthly. On a year on year basis Singapore’s industrial production decreased by -123.08%. Singapore’s industrial production trend is down since the current value of -0.9 is lower than the 12 month moving average of 3.075.Singapore’s industrial production mom decreased to 7.2 by -137.89% on November 2020 from -19.0 in the previous Monthly. On a year on year basis Singapore’s industrial production mom decreased by -172.93%. Singapore’s industrial production mom trend is down since the current value of 7.2 is lower than the 12 month moving average of 2.42833.

Singapore Retail Sector

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
retail sales 79.7 54 0.475926 -2.54457 1.0 1.0 0.15 2021-05-31
retail sales MoM -6.8 -1.4 3.85714 -0.669903 -1.0 1.0 0.666667 2021-05-31

Singapore’s retail sales decreased to -8.6 by -19.63% on October 2020 from -10.7 in the previous Monthly. On a year on year basis Singapore’s retail sales increased by 95.45%. Singapore’s retail sales trend is down since the current value of -8.6 is lower than the 12 month moving average of -15.725.Singapore’s retail sales MoM decreased to 0.2 by -104.76% on October 2020 from -4.2 in the previous Monthly. On a year on year basis Singapore’s retail sales MoM decreased by -111.11%. Singapore’s retail sales MoM trend is down since the current value of 0.2 is lower than the 12 month moving average of 1.04167.

Singapore Construction Sector

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
new home sales 1262 1296 -0.0262346 3.55596 1.0 1.0 1 2021-04-30
housing index 163.7 162.2 0.00924784 0.0986577 1.0 1.0 0.4 2021-04-01

 

Singapore’s new home sales icnreased to 767.0 by 18.91% on November 2020 from 645.0 in the previous Monthly. On a year on year basis Singapore’s new home sales decreased by -34.16%. Singapore’s new home sales trend is down since the current value of 767.0 is lower than the 12 month moving average of 796.5.Singapore’s housing index icnreased to 153.8 by 0.79% on July 2020 from 152.6 in the previous Quarterly. On a year on year basis Singapore’s housing index increased by 11.77%. Singapore’s housing index trend is down since the current value of 153.8 is lower than the 12 month moving average of 149.617.

Singapore GDP

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 121079 117400 0.0313373 0.0305824 1.0 1.0 0.0666667 2021-03-31
gdp growth annual 14.3 1.3 10 2.1087 1.0 1.0 1 2021-04-01
gdp 372.063 373.217 -0.00309203 1.05626 1.0 1.0 0 2019-01-31
gdp growth -2 3.1 -1.64516 -5 -1.0 -1.0 0.05 2021-04-01

Singapore’s Real GDP icnreased to 112141.0 by 9.05% on October 2020 from 102838.0 in the previous Quarterly. On a year on year basis Singapore’s Real GDP decreased by -1.62%. Singapore’s Real GDP trend is down since the current value of 112141.0 is lower than the 12 month moving average of 115611.0.Singapore’s gdp growth annual decreased to -5.8 by -56.39% on July 2020 from -13.3 in the previous Quarterly. On a year on year basis Singapore’s gdp growth annual decreased by -226.09%. Singapore’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.0333333.Singapore’s gdp decreased to 372.063 by -0.31% on January 2019 from 373.217 in the previous Yearly. On a year on year basis Singapore’s gdp increased by 105.63%. Singapore’s gdp trend is down since the current value of 372.063 is lower than the 12 month moving average of 294.853.Singapore’s gdp growth decreased to 9.2 by -169.7% on July 2020 from -13.2 in the previous Quarterly. On a year on year basis Singapore’s gdp growth increased by 300.0%. Singapore’s gdp growth trend is down since the current value of 9.2 is lower than the 12 month moving average of -0.0833333.

Singapore inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 2.4 2.1 0.142857 7 1.0 1.0 0.983333 2021-05-31
core inflation rate 0.8 0.6 0.333333 -5 1.0 1.0 0.0166667 2021-05-31
consumer price index cpi 101.9 101.1 0.00791296 0.0241206 1.0 1.0 1 2021-05-31
Producer Price Index 97.58 95.79 0.0186867 0.0923053 1.0 1.0 0.85 2021-05-31
PPI Index 18.1 17.8 0.0168539 -2.23973 1.0 1.0 0.166667 2021-05-31

Singapore’s inflation cpi decreased to -0.1 by -50.0% on November 2020 from -0.2 in the previous Monthly. On a year on year basis Singapore’s inflation cpi decreased by -125.0%. Singapore’s inflation cpi trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.00833333.Singapore’s core inflation rate decreased to -0.1 by -50.0% on November 2020 from -0.2 in the previous Monthly. On a year on year basis Singapore’s core inflation rate decreased by -116.67%. Singapore’s core inflation rate trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.1.Singapore’s consumer price index cpi icnreased to 101.1 by 1.4% on November 2020 from 99.7 in the previous Monthly. On a year on year basis Singapore’s consumer price index cpi increased by 0.84%. Singapore’s consumer price index cpi trend is down since the current value of 101.1 is lower than the 12 month moving average of 99.8958.Singapore’s Producer Price Index decreased to 87.36 by -1.61% on November 2020 from 88.79 in the previous Monthly. On a year on year basis Singapore’s Producer Price Index decreased by -8.86%. Singapore’s Producer Price Index trend is down since the current value of 87.36 is lower than the 12 month moving average of 89.1367.Singapore’s PPI Index decreased to -9.6 by -8.57% on October 2020 from -10.5 in the previous Monthly. On a year on year basis Singapore’s PPI Index increased by 24.68%. Singapore’s PPI Index trend is down since the current value of -9.6 is lower than the 12 month moving average of -7.775.

Singapore Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -13.9 -0.3 45.3333 -2.71182 -1.0 -1.0 0 2019-02-28
Government budget 3193.2 1604.9 0.989657 -1.40774 1.0 1.0 0.183333 2021-05-31
government revenues 10407.7 5366.5 0.939383 1.30106 1.0 1.0 0.95 2021-05-31
fiscal expenditure 7214.5 3761.6 0.917934 -0.416043 -1.0 -1.0 0.0333333 2021-05-31

Singapore’s Government budget decreased to 437.1 by -40.27% on November 2020 from 731.8 in the previous Monthly. On a year on year basis Singapore’s Government budget decreased by -59.53%. Singapore’s Government budget trend is down since the current value of 437.1 is lower than the 12 month moving average of -2531.64.Singapore’s government revenues icnreased to 12595.1 by 105.17% on November 2020 from 6138.7 in the previous Monthly. On a year on year basis Singapore’s government revenues increased by 60.21%. Singapore’s government revenues trend is down since the current value of 12595.1 is lower than the 12 month moving average of 6800.9.Singapore’s fiscal expenditure icnreased to 12158.0 by 124.86% on November 2020 from 5406.9 in the previous Monthly. On a year on year basis Singapore’s fiscal expenditure increased by 79.28%. Singapore’s fiscal expenditure trend is down since the current value of 12158.0 is lower than the 12 month moving average of 9039.24.

Singapore Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
central bank balance sheet 527028 522190 0.00926483 0.284435 1.0 1.0 1 2021-03-31
banks balance sheet 1536970 1526580 0.00680606 0.0239231 1.0 1.0 0.05 2021-05-31
money supply m0 55362.7 55255.3 0.0019437 0.0817633 1.0 1.0 0.333333 2021-05-31
money supply m1 272111 271602 0.00187407 0.165348 1.0 1.0 0.783333 2021-05-31
money supply m2 729258 733101 -0.00524212 0.0698282 1.0 1.0 0.633333 2021-05-31
money supply m3 742505 746142 -0.00487441 0.0676505 1.0 1.0 0.65 2021-05-31

Singapore’s central bank balance sheet icnreased to 458570.0 by 1.08% on August 2020 from 453689.0 in the previous Monthly. On a year on year basis Singapore’s central bank balance sheet increased by 19.85%. Singapore’s central bank balance sheet trend is down since the current value of 458570.0 is lower than the 12 month moving average of 416764.0.Singapore’s banks balance sheet decreased to 1511220.0 by -0.24% on November 2020 from 1514870.0 in the previous Monthly. On a year on year basis Singapore’s banks balance sheet increased by 10.22%. Singapore’s banks balance sheet trend is down since the current value of 1511220.0 is lower than the 12 month moving average of 1484400.0.Singapore’s money supply m2 icnreased to 712725.0 by 0.82% on November 2020 from 706894.0 in the previous Monthly. On a year on year basis Singapore’s money supply m2 increased by 12.59%. Singapore’s money supply m2 trend is down since the current value of 712725.0 is lower than the 12 month moving average of 678318.0.

Singapore Employment

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
unemployment rate 2.9 3.3 -0.121212 0.45 1.0 1.0 0.966667 2020-11-30

Singapore’s unemployment rate icnreased to 3.6 by 28.57% on May 2020 from 2.8 in the previous Quarterly. On a year on year basis Singapore’s unemployment rate increased by 71.43%. Singapore’s unemployment rate trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.35833.

Singapore Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 24625.2 19622.6 0.254941 0.514325 1.0 1.0 0.8 2021-01-31
current account to gdp 17.6 14.3 0.230769 0.213793 -1.0 1.0 0 2020-01-31
exports 49635.5 50969.2 -0.0261668 0.263379 1.0 1.0 0.966667 2021-06-30
imports 45025.9 44061.1 0.0218969 0.30249 1.0 1.0 0.983333 2021-06-30
balance of trade 4609.61 6908.05 -0.332719 -0.200641 -1.0 -1.0 0.3 2021-06-30
capital flows -6407.9 -16248.2 -0.605624 -1.44273 -1.0 -1.0 0.133333 2021-03-01
foreign direct investment 30329.1 27000.9 0.123263 -0.158149 -1.0 -1.0 0.25 2020-10-01

Singapore’s current account icnreased to 22911.8 by 28.22% on July 2020 from 17868.5 in the previous Quarterly. On a year on year basis Singapore’s current account increased by 6.22%. Singapore’s current account trend is down since the current value of 22911.8 is lower than the 12 month moving average of 20598.8.Singapore’s current account to gdp decreased to 16.9 by -4.52% on January 2019 from 17.7 in the previous Yearly. On a year on year basis Singapore’s current account to gdp decreased by -35.25%. Singapore’s current account to gdp trend is down since the current value of 16.9 is lower than the 12 month moving average of 17.6583.Singapore’s exports icnreased to 41984.8 by 3.0% on November 2020 from 40760.0 in the previous Monthly. On a year on year basis Singapore’s exports decreased by -6.43%. Singapore’s exports trend is down since the current value of 41984.8 is lower than the 12 month moving average of 41446.4.Singapore’s imports decreased to 36413.2 by -5.2% on October 2020 from 38409.4 in the previous Monthly. On a year on year basis Singapore’s imports decreased by -9.01%. Singapore’s imports trend is down since the current value of 36413.2 is lower than the 12 month moving average of 38183.7.Singapore’s balance of trade decreased to 3934.26 by -9.61% on November 2020 from 4352.64 in the previous Monthly. On a year on year basis Singapore’s balance of trade increased by 16.46%. Singapore’s balance of trade trend is down since the current value of 3934.26 is lower than the 12 month moving average of 3550.25.Singapore’s bank lending rate On a year on year basis Singapore’s bank lending rate decreased by -1.5%. Singapore’s bank lending rate trend is down since the current value of 5.25 is lower than the 12 month moving average of 5.25667.Singapore’s capital flows decreased to 9472.2 by -135.75% on May 2020 from -26495.3 in the previous Quarterly. On a year on year basis Singapore’s capital flows decreased by -17.22%. Singapore’s capital flows trend is down since the current value of 9472.2 is lower than the 12 month moving average of 13855.3.Singapore’s foreign direct investment icnreased to 25682.0 by 24.91% on April 2020 from 20561.0 in the previous Quarterly. On a year on year basis Singapore’s foreign direct investment increased by 67.36%. Singapore’s foreign direct investment trend is down since the current value of 25682.0 is lower than the 12 month moving average of 32459.1.

Singapore Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 535459 525770 0.0184282 0.215146 1.0 1.0 0.9 2021-06-30
gold reserves 127.4 127.4 0 0 -1.0 -1.0 0.508333 2019-06-01

Singapore’s foreign exchange reserves icnreased to 472406.0 by 2.34% on November 2020 from 461595.0 in the previous Monthly. On a year on year basis Singapore’s foreign exchange reserves increased by 25.16%. Singapore’s foreign exchange reserves trend is down since the current value of 472406.0 is lower than the 12 month moving average of 425204.0.Singapore’s gold reserves Singapore’s gold reserves trend is down since the current value of 127.4 is lower than the 12 month moving average of 127.4.Singapore’s government debt icnreased to 690149.0 by 0.79% on May 2020 from 684764.0 in the previous Quarterly. On a year on year basis Singapore’s government debt increased by 39.14%. Singapore’s government debt trend is down since the current value of 690149.0 is lower than the 12 month moving average of 587287.0.Singapore’s government debt to gdp icnreased to 126.3 by 12.57% on January 2019 from 112.2 in the previous Yearly. On a year on year basis Singapore’s government debt to gdp increased by 49.11%. Singapore’s government debt to gdp trend is down since the current value of 126.3 is lower than the 12 month moving average of 105.217.Singapore’s external debt decreased to 2197840.0 by -1.85% on May 2020 from 2239170.0 in the previous Quarterly. On a year on year basis Singapore’s external debt increased by 16.11%. Singapore’s external debt trend is down since the current value of 2197840.0 is lower than the 12 month moving average of 2092320.0.

Singapore Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 728756 704721 0.0341057 0.409335 1.0 1.0 0.95 2020-07-01
government debt to gdp 131 126.3 0.037213 0.374607 1.0 1.0 0 2019-02-28
external debt 2237430 2210680 0.0121003 0.137437 1.0 1.0 0.35 2021-01-01

Singapore’s government debt icnreased to 690149.0 by 0.79% on May 2020 from 684764.0 in the previous Quarterly. On a year on year basis Singapore’s government debt increased by 39.14%. Singapore’s government debt trend is down since the current value of 690149.0 is lower than the 12 month moving average of 587287.0.Singapore’s government debt to gdp icnreased to 126.3 by 12.57% on January 2019 from 112.2 in the previous Yearly. On a year on year basis Singapore’s government debt to gdp increased by 49.11%. Singapore’s government debt to gdp trend is down since the current value of 126.3 is lower than the 12 month moving average of 105.217.Singapore’s external debt decreased to 2197840.0 by -1.85% on May 2020 from 2239170.0 in the previous Quarterly. On a year on year basis Singapore’s external debt increased by 16.11%. Singapore’s external debt trend is down since the current value of 2197840.0 is lower than the 12 month moving average of 2092320.0.

Singapore Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate 0.44 0.44 0 0 -1.0 -1.0 0.4 2021-06-02
deposit interest rate 0.12 0.13 -0.0769231 -0.52 -1.0 -1.0 0.0166667 2021-01-31
interest rate 0.08 0.21 -0.619048 -0.953488 -1.0 -1.0 0.0333333 2020-09-30
bank lending rate 5.25 5.25 0 -0.0150094 -1.0 -1.0 0.1 2020-01-31
loans to private sector 693724 692174 0.00223932 0.0123471 1.0 1.0 0.3 2021-05-31

Singapore’s interbank rate On a year on year basis Singapore’s interbank rate increased by 0.05%. Singapore’s interbank rate trend is down since the current value of 1.879 is lower than the 12 month moving average of 1.87967.Singapore’s deposit interest rate On a year on year basis Singapore’s deposit interest rate increased by 25.0%. Singapore’s deposit interest rate trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.189167.Singapore’s interest rate Singapore’s interest rate trend is down since the current value of nan is lower than the 12 month moving average of nan.Singapore’s balance of trade decreased to 3934.26 by -9.61% on November 2020 from 4352.64 in the previous Monthly. On a year on year basis Singapore’s balance of trade increased by 16.46%. Singapore’s balance of trade trend is down since the current value of 3934.26 is lower than the 12 month moving average of 3550.25.Singapore’s bank lending rate On a year on year basis Singapore’s bank lending rate decreased by -1.5%. Singapore’s bank lending rate trend is down since the current value of 5.25 is lower than the 12 month moving average of 5.25667.Singapore’s loans to private sector icnreased to 676669.0 by 0.15% on November 2020 from 675642.0 in the previous Monthly. On a year on year basis Singapore’s loans to private sector decreased by -2.27%. Singapore’s loans to private sector trend is down since the current value of 676669.0 is lower than the 12 month moving average of 684073.0.

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