Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 5216.84 5183 5014 4926 4841
Currency 1.30 1.29 1.28 1.28 1.27
Government Bond 10Y (%) 2.09 2.06 1.97 1.93 1.88

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.00 0.3 0.3 0.5 0.6
GDP Annual Growth Rate (%) 6.00 3.6 2.8 4 2.9
Unemployment Rate (%) 2.00 2.1 2 1.9 1.9
Inflation Rate (%) 1.80 2.1 2.3 2.4 1.8
Inflation Rate MoM (%) 0.70 0.1 0.2 0.5 0.2
Interest Rate (%) 1.10 1.5 1.5 1.5 1.5
Balance of Trade (SGD Million) 5573.52 4000 6500 3500 3500
Current Account (SGD Million) 41094.10 36500 36500 37000 37000
Business Confidence (points) 17.00 5 7 10 12
Manufacturing PMI (points) 51.00 50.4 51 50.6 50.6
Retail Sales MoM (%) 0.30 -0.4 0.4 0.4 0.3
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 Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.00 0.3 0.3 0.5 0.6
GDP Annual Growth Rate (%) 6.00 3.6 2.8 4 2.9
GDP Constant Prices (SGD Million) 151417.20 152489 154176 157980 155808
Gross Fixed Capital Formation (SGD Million) 38539.30 36650 37321 39040 39657
GDP from Transport (SGD Million) 8957.50 9188 9136 9186 9217
GDP from Manufacturing (SGD Million) 31438.00 31367 32532 34382 32350
GDP from Services (SGD Million) 23241.10 22243 22478 23440 23915
GDP from Construction (SGD Million) 5878.50 5832 5819 5897 6049
GDP from Utilities (SGD Million) 1637.40 1662 1663 1695 1685
GDP (USD Billion) 547.39 567
Gross National Product (SGD Million) 789529.20 821110
GDP per Capita (USD) 67706.83 70144
GDP per Capita PPP (USD) 132569.53 137342
Full Year GDP Growth (%) 5.00 3.6

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 2.00 2.1 2 1.9 1.9
Wages (SGD/Month) 6593.00 6620 6650 6750 6750
Population (Million) 6.11 6.17

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 1.80 2.1 2.3 2.4 1.8
Inflation Rate MoM (%) 0.70 0.1 0.2 0.5 0.2
Consumer Price Index CPI (points) 102.80 103 104 104 104
Core Consumer Prices (points) 102.06 102 102 104 103
Core Inflation Rate (%) 1.40 1.6 1.7 1.9 1.4
GDP Deflator (points) 134.00 134 135 139 136
Producer Prices (points) 133.03 130 123 117 124
Export Prices (points) 104.33 103 96.47 93.71 100
Import Prices (points) 108.28 110 107 98 106
Food Inflation (%) 1.80 2 3 2.9 2.6
Import Prices YoY (%) 18.40 21 16 7.1 -2.7
Export Prices YoY (%) 13.30 13.7 7.4 4.4 -1
Producer Prices Change (%) 31.60 33 25 19 -4
CPI Transportation (points) 109.30 109 110 110 110
CPI Housing Utilities (points) 101.70 104 104 104 103

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 1.10 1.5 1.5 1.5 1.5
Money Supply M2 (SGD Million) 897544.60 899000 899000 912000 912000
Foreign Exchange Reserves (SGD Million) 548596.10 546000 544000 550000 552000
Loans to Private Sector (SGD Million) 908374.90 884056 887946 921554 928433

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (SGD Million) 5573.52 4000 6500 3500 3500
Current Account (SGD Million) 41094.10 36500 36500 37000 37000
Imports (SGD Million) 77669.17 52000 52500 60500 60500
Exports (SGD Million) 83242.69 56000 59000 64000 64000
Exports of Non-oil Domestic Exports Of (%) 7.70 2.1 2.2 2 2
Domestic Exports of Non Oil (nodx) (%yoy) (%) 38.40 1.5 1.9 3 3
Current Account to GDP (% of GDP) 16.70 17.1

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Business Confidence (points) 17.00 5 7 10 12
Manufacturing PMI (points) 51.00 50.4 51 50.6 50.6
Industrial Production Mom (%) 5.80 1.9 2 1.9 2.5
Industrial Production (%) 17.60 9 6.5 4 5
Composite PMI (points) 56.70 51.5 51.4 51.4 51

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) 0.30 -0.4 0.4 0.4 0.3
Retail Sales YoY (%) 5.40 4.8 2.2 2 2.5
Consumer Spending (SGD Million) 53576.50 54382 53721 57473 55130
Gasoline Prices (USD/Liter) 3.39 3.98 3.41 2.84 2.84

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 218.30 221 225 231 231
House Price Index MoM (%) 0.90 0.4 0.3 0.7 0.7

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