Trade and Investment
21 Feb 2025
Singapore's top trading partners for services trade in 2023 were the United States, the European Union, Mainland China, Japan, and ASEAN, which collectively accounted for 53.7% of services exports and 57.4% of services imports.
Industry
20 Feb 2025
Domestic wholesale sales decreased 4.4% in 4Q 2024 compared to 4Q 2023. Excluding petroleum, domestic wholesale sales fell 0.7%. Foreign wholesale sales decreased 2.9% over the same period. Excluding petroleum, foreign wholesale sales grew by 2.1%.
Trade and Investment
17 Feb 2025
Non-oil domestic exports declined 2.1% in Jan 2025 on a year-on-year basis, after the 9.0% increase in the previous month.
Economy and Prices
14 Feb 2025
The Singapore economy expanded by 5.0% on year-on-year basis in 4Q 2024. The GDP growth forecast for 2025 is maintained at 1.0% to 3.0%.
Households
13 Feb 2025
Median Household Employment Income Grew in 2024.
Industry
05 Feb 2025
Retail sales declined 2.9% in Dec 2024 compared to Dec 2023. Excluding motor vehicles, retail sales decreased 4.0%. Sales of food & beverage services increased 1.0% in Dec 2024 compared to Dec 2023.
Industry
31 Jan 2025
17% of firms in the services sector are upbeat about business conditions while 10% foresee deteriorating business conditions, resulting in a net weighted balance of 7% of firms expecting a more favourable business outlook for the period of Jan – Jun 2025.
Industry
31 Jan 2025
21% of firms in the manufacturing sector expect business conditions to improve while 5% foresee weaker business prospects, resulting in a net weighted balance of 16% of firms anticipating a better business situation for the period Jan – Jun 2025.
Economy and Prices
28 Jan 2025
The Import, Export, Singapore Manufactured Products and Domestic Supply Price indices rose 1.0%, 0.6%, 5.8% and 4.5% respectively in Dec 2024 over Nov 2024.
In 2024, the indices fell 3.9%, 3.7%, 0.5% and 1.3% respectively over 2023.
Economy and Prices
27 Jan 2025
Employment (excluding Migrant Domestic Workers) increased 8,700 in 4Q 2024.
Industry
24 Jan 2025
Manufacturing output decreased 0.7% in Dec 2024 on a seasonally adjusted month-on-month basis.
Industry
24 Jan 2025
Price index of private residential properties rose 2.3% while the price indices of office space and retail space fell 0.7% and 1.3% respectively in 4Q 2024 over the previous quarter.