Industrial Production looks solid – UOB

Senior Economist at UOB Group Alvin Liew comments on the latest Inflation Production figures in Singapore. Key Takeaways “Singapore’s industrial production (IP) enjoyed another strong month in May as it rose by 10.9% m/m SA, 13.8% y/y (from the revised Apr readings of 2.1% m/m, 6.4% y/y) well exceeding Bloomberg survey estimates.” “The main sources … Read more

Higher inflation opens the door to MAS tightening – UOB

Senior Economist at UOB Group Alvin Liew reviews the latest inflation figures in Singapore. Key Takeaways “Singapore’s headline CPI rose slightly faster than expected, at 1.0% m/m, 5.6% y/y in May (from 0.1% m/m, 5.4% y/y in Apr). Core inflation (which excludes accommodation and private road transport) also rose at a faster clip, up by … Read more