Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Stock Market (points) 5415.53 5311 5204 5107 5013
Currency 1.28 1.28 1.27 1.27 1.27
Government Bond 10Y (%) 2.35 2.4 2.34 2.29 2.23

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 1.10 0.7 0.6 0.5 0.6
GDP Annual Growth Rate (%) 5.40 4.5 4.9 2.7 3.5
Unemployment Rate (%) 1.90 1.9 1.9 1.9 2
Inflation Rate (%) 2.30 2.4 1.8 1.9 1.8
Inflation Rate MoM (%) 0.60 0.5 0.2 0.1 0.3
Interest Rate (%) 1.36 1.5 1.5 1.5 1.5
Balance of Trade (SGD Million) 9038.07 -500 7500 13500 14000
Current Account (SGD Million) 37077.40 37000 37000 37000 41000
Business Confidence (points) 12.00 10 12 13 12
Manufacturing PMI (points) 51.70 50.6 50.6 50.6 50.7
Retail Sales MoM (%) -1.00 0.4 0.3 0.8 1
Current Account to GDP (% of GDP) 16.70 17.1
Government Debt to GDP (% of GDP) 171.30 178
Government Budget (% of GDP) 1.90 1

GDP Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 1.10 0.7 0.6 0.5 0.6
GDP Annual Growth Rate (%) 5.40 4.5 4.9 2.7 3.5
GDP Constant Prices (SGD Million) 157990.40 158740 161521 160511 163520
Gross Fixed Capital Formation (SGD Million) 38403.60 39228 40440 39440 39748
GDP from Services (SGD Million) 101965.80 102329 104916 103437 105535
GDP from Manufacturing (SGD Million) 33965.10 34547 33827 35192 35154
GDP from Construction (SGD Million) 6156.40 5925 6423 6116 6372
GDP from Transport (SGD Million) 9142.30 9230 9413 9389 9462
GDP from Utilities (SGD Million) 1613.60 1704 1710 1657 1670
GDP (USD Billion) 603.87 626
Gross National Product (SGD Million) 789529.20 825058
GDP per Capita (USD) 70683.68 73228
GDP per Capita PPP (USD) 139592.61 144618
Full Year GDP Growth (%) 5.00 3.6

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 1.90 1.9 1.9 1.9 2
Wages (SGD/Month) 6605.00 6650 6700 6700 6790
Population (Million) 6.11 6.17

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 2.30 2.4 1.8 1.9 1.8
Inflation Rate MoM (%) 0.60 0.5 0.2 0.1 0.3
Consumer Price Index CPI (points) 103.33 104 104 105 105
Core Consumer Prices (points) 102.74 104 103 103 104
Core Inflation Rate (%) 2.20 1.9 0.9 1 1.2
GDP Deflator (points) 139.40 139 137 142 142
Producer Prices (points) 135.32 117 124 126 127
Export Prices (points) 103.47 93.71 100 105 106
Import Prices (points) 105.55 98 102 100 107
Food Inflation (%) 2.30 2.9 2.6 2.5 2
Import Prices YoY (%) 15.60 7.1 -5.7 -2.5 1
Export Prices YoY (%) 15.20 4.4 -1 3 2.8
Producer Prices Change (%) 38.80 19 -4 -1 -6
CPI Housing Utilities (points) 102.74 104 103 104 105
CPI Transportation (points) 110.30 111 111 111 112

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 1.36 1.5 1.5 1.5 1.5
Money Supply M2 (SGD Million) 898667.00 912000 912000 912000 917000
Foreign Exchange Reserves (SGD Million) 553573.40 557000 562000 578000 592000
Loans to Private Sector (SGD Million) 966432.70 925985 946478 956490 1000258

Trade Actual Q4/26 Q1/27 Q2/27 Q3/27
Balance of Trade (SGD Million) 9038.07 -500 7500 13500 14000
Current Account (SGD Million) 37077.40 37000 37000 37000 41000
Imports (SGD Million) 84134.24 75500 72500 70500 75000
Exports (SGD Million) 93172.31 75000 80000 84000 89000
Domestic Exports of Non Oil (nodx) (%yoy) (%) 68.40 33 15 15 5
Exports of Non-oil Domestic Exports Of (%) 25.50 4 4 2 3.1
Current Account to GDP (% of GDP) 16.70 17.1

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Business Confidence (points) 12.00 10 12 13 12
Manufacturing PMI (points) 51.70 50.6 50.6 50.6 50.7
Industrial Production Mom (%) -0.50 1.9 2.5 2.5 2.1
Industrial Production (%) 15.40 14 8 8 3
Composite PMI (points) 58.10 59.4 58.4 56 54.3

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Retail Sales MoM (%) -1.00 0.4 0.3 0.8 1
Retail Sales YoY (%) 0.70 2 2.5 3 2.8
Consumer Spending (SGD Million) 54461.40 56260 56501 55932 56368
Gasoline Prices (USD/Liter) 2.71 2.82 2.96 3.09 3.22

Housing Actual Q4/26 Q1/27 Q2/27 Q3/27
Housing Index (points) 219.40 231 231 234 237
House Price Index MoM (%) 1.40 0.7 0.1 0.2 0.2

Government Actual Q4/26 Q1/27 Q2/27 Q3/27
Government Debt to GDP (% of GDP) 171.30 178
Government Budget (% of GDP) 1.90 1