#DYK Singapore’s composite leading index (CLI) had maintained its lead over the composite coincident index, suggesting the continuing relevance of the existing CLI in identifying and anticipating Singapore’s growth cycles.

Read about the key findings of the recent review of the composite leading and coincident indices following Singapore’s economic recovery from the COVID-19 pandemic at 👉 go.gov.sg/ssn223-pg7-10
 
#SSN

#DYK Under the World Trade Organisation’s General Agreement on Trade in Services, trade in services is defined to cover four different modes of supply based on the locations of the supplier and consumer when a service is supplied.
 
Read about the compilation methodology and key findings from the experimental estimates at 👉 go.gov.sg/ssn223-pg11-15
 
#SSN

#DYK To enable greater data sharing, more granular sub-indices of the Services Producer Price Indices (SPPIs) were published in the SPPI report and an interactive dashboard was developed. This is useful for businesses to better track movements of prices in the services industries to evaluate their competitiveness.
 
Read about the release of more granular SPPIs and key insights from the rebasing of three SPPIs to base year 2022 at 👉 go.gov.sg/ssn223-pg21-25
 
#SSN

#DYK For the compilation of the Consumer Price Index (CPI), DOS performs web-scraping of hotel room rates using Python's Pyautogui and Pytesseract libraries, before loading the prices into the CPI computerised system for data compilation.
 
Read about DOS’s efforts in the adoption of technology for price data collection and compilation of the CPI at 👉 go.gov.sg/ssn223-pg16-20
 
#SSN

CPI in Sep 2023 rose 0.5% from the previous month and 4.1% from a year earlier.

More info via 👉 www.singstat.gov.sg/cpi.

#economy #prices #CPI

Explore trends in Average Retail Prices of Consumer Items using the interactive dashboard at 👉 go.gov.sg/cpidb.

#DYK As the National Statistical Coordinator, DOS has been engaged in data stewardship and data governance with respect to the role of producing quality statistics, developing of national statistical standards and coordinating of statistical activities. As a Capability Centre of Individual and Business Data, DOS’s expanded role in data stewardship for the public service enables the strategic use of data and information in making data-driven decisions and providing services for the public.
 
Read about DOS's evolving role and functions in data stewardship and governance at 👉 go.gov.sg/ssn223-pg1-6
 
#SSN

In 2019, DOS was designated as the Trusted Centre for Individual and Business Data (DOS TC). DOS TC shares data within the government to facilitate the use of data for policy analysis and service delivery.

#DOSTrustedCentre

Manufacturing output grew by 10.7% in Sep 2023 on a seasonally adjusted month-on-month basis.

More info via 👉 www.edb.gov.sg.

#industry #manufacturing #IIP

The Import and Export Price indices rose 1.6% and 1.4% respectively in Sep 2023 over Aug 2023. Excluding Oil, the indices gained 0.5% and 0.4% respectively.

The Singapore Manufactured Products and Domestic Supply Price indices rose 1.0% and 1.6% respectively in Sep 2023 over Aug 2023. Excluding Oil, the indices gained 0.5% and 0.4% respectively.

More info via 👉 www.singstat.gov.sg/ppi.

#economy #prices #PPI

Explore trends in Import Price Index using the interactive dashboard 👉 go.gov.sg/ipidb.

Explore DOS’s data tools for wholesale trade industry now 👉 www.singstat.gov.sg/data-for-businesses. The tools empower businesses to make data-driven decisions with curated and contextualised content from various government agencies.

#wholesaletrade

Business Expectations of the Services Sector
18% of firms in the services sector are upbeat about the business conditions while 9% foresee deteriorating business conditions, resulting in a net weighted balance of 9% of firms expecting a more favourable business outlook for the period of Oct 2023 – Mar 2024.

More info via 👉 www.singstat.gov.sg.

Business Expectations of the Manufacturing Sector
19% of firms in the manufacturing sector expect business conditions to improve while 12% foresee a weaker business outlook, resulting in a net weighted balance of 7% of firms anticipating an improved business situation for the period of Oct 2023 – Mar 2024.

More info via 👉 www.edb.gov.sg.

#industry #bizexpectations

Explore trends in Business Expectations of Services (BES) industries using the interactive dashboard 👉 go.gov.sg/fnb-inddb.

Retail sales increased 0.6% in Sep 2023 compared to Sep 2022. Excluding motor vehicles, retail sales rose 0.5%. Sales of food & beverage services rose 6.9% in Sep 2023 compared to Sep 2022.

More info via 👉 www.singstat.gov.sg/mrs.

#industry #services #RSI #FSI

Explore trends in Operating Revenue of Furniture & Household Equipment and other Retail Trade Services industries using the interactive dashboard 👉 go.gov.sg/inddb.

The SingStat Table Builder’s API is the quickest way to automatically access Singapore’s official statistics such as GDP, Prices, Retail Sales, Population, Households, Marriages, and more …

Access the Developer APIs at 👉 https://tablebuilder.singstat.gov.sg/view-api/for-developers

#economy #prices #population #households #society #APIs

Happy Singles’ Day!

#DYK Proportion of singles has increased across all age groups in the past decade.

Explore trends in Singapore’s Population, including the marital status using the link 👉 go.gov.sg/poptrendsdb.

#population #PopTrends #SinglesDay

Performance of the Singapore Economy for 3rd Quarter 2023 will be released on 22 November 2023, 8.00 a.m.

More info via 👉 www.singstat.gov.sg/gdparc

#economy #nationalaccounts #GDP

Non-oil domestic exports grew by 3.4% in Oct 2023 on a month-on-month seasonally adjusted basis, after the previous month’s 11.1% expansion.              

More info via 👉 www.enterprisesg.gov.sg.

#tradeandinvestment #trade