Economy
Non-oil domestic exports fall 15.6% YoY in February
Decreases in both electronics and non-electronics exports drove the decline in NODX.
Why headline inflation will likely stay elevated in H2
DBS expects full-year headline inflation to hit 5.8%.
Nearly 9 in 10 S’pore CEOs say global economic growth will decline over the next year
CEOs in S’pore are more pessimistic compared to their global counterparts.
For better or for worse? Economist unveil predictions for SG’s economy
They expect full-year inflation to come in between 3.5% and 5.9%.
Officials still cautious on economy in 2023 despite reopening: RHB
The growth could be lower for Singapore compared to market consensus of 5.3%.
Inflation gives central banks a challenge to ease rate hikes
They also need to balance between disinflation and the global financial market.
COTD: How has Singaporeans’ household financial situation changed?
About two in 10 said it has gotten worse.
F&B sales up 21.8% YoY in January
The Chinese New Year celebration partly contributed to the increase in sales.
Chart of the Day: Real estate workers most optimistic about household finances
A YouGov survey revealed that those working in the media are also optimistic.
Chart of the Day: Will household finances worsen or improve?
Majority of respondents expect nothing will change.
Business receipts of service industries rise 10.9% YoY in Q422
Recreation & Personal Services had the highest growth in revenue amongst industries.
Central bank may further tighten monetary policy in April: analysts
This is expected if core inflation does not moderate.
Inflation picks up to 6.6% in January
It came in higher due to the increase in services inflation, amongst others.
Weak demand from major export destinations hits NODX momentum: UOB
Non-oil domestic exports (NODX) declined 25% in January 2023.
Foreign wholesale trade falls 5.9% QoQ in Q422
Most wholesale trade industries recorded QoQ declines in foreign sales.
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