#DYK The compilation of Singapore’s Gross Domestic Product (GDP) estimates involves a trade-off between timeliness and accuracy. GDP estimates are regularly revised and refined by incorporating previously unavailable data.
 
Read on to understand how these revisions are made to the quarterly and annual GDP growth estimates 👉 go.gov.sg/ssn124-pg20-25
 
#SSN

#DYK Prices of hawker food increased 6.1% in 2023, the highest since 2008.
 
Learn about the key factors driving hawker food inflation and a comparative analysis of price trends of hawker food across Hawker Centres and Food Courts & Coffee Shops 👉 go.gov.sg/ssn124-pg11-15.
 
#SSN

#DYK Significant changes in business activities of firms, especially those of large firms, can have a sizeable impact on Singapore’s business, National Accounts and Balance of Payments statistics.
 
Read about how the ‘Early Triggering’ pilot project promptly detect these changes with new data sources 👉 go.gov.sg/ssn124-pg16-19
 
#SSN

#DYK DOS has embarked on a digital transformation journey and launched initiatives using Artificial Intelligence (AI) and Machine Learning (ML) in our statistical processes.

Read about DOS’s efforts in the adoption of AI/ ML in our statistical process at 👉 go.gov.sg/ssn124-pg7-10

 #SSN 

#DYK The Import Price Index (IPI), Export Price Index (EPI), Singapore Manufactured Products Price Index (SMPPI) and Domestic Supply Price Index (DSPI) were rebased from base year 2018 to 2023.
 
Read about the rebasing exercise for the four prices indices and the changes in the weighting patterns and trends 👉 go.gov.sg/ssn124-pg26-28
 
#SSN

DOS received the OpenGov Asia Recognition of Excellence 2024 Award for the SingStat Mobile App on 15 May 2024. 

Download our app today for fast and easy access to commonly referenced data.

Apple App Store 👉 https://go.gov.sg/smaapple

Google Play Store 👉https://go.gov.sg/smagoogle

Performance of the Singapore Economy for 1st Quarter 2024 will be released on 23 May 2024, 8.00 a.m..

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

#economy #nationalaccounts #GDP

Non-oil domestic exports increased 7.6% in Apr 2024 on a month-on-month seasonally adjusted basis, after the 8.5% decline in the previous month.

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

#tradeandinvestment #trade

Domestic wholesale sales decreased 2.2% in 1Q 2024 compared to 1Q 2023. Excluding petroleum, domestic wholesale sales rose 13.5%. Foreign wholesale sales increased 3.4% over the same period. Excluding petroleum, foreign wholesale sales dropped 1.7%.

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

#industry #services #WTI

Explore trends in rental cost of Wholesale Trade industries using the interactive dashboard at 👉 go.gov.sg/dfbwholesaletrade.

The Singapore economy grew by 2.7% on a year-on-year basis in 1Q 2024. Singapore’s GDP growth forecast for 2024 has been maintained at 1.0% to 3.0%.

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

#economy #nationalaccounts #GDP

Explore trends in Production Account using the interactive dashboard at 👉 go.gov.sg/padb

Explore trends in Generation of Income Account using the interactive dashboard at 👉 go.gov.sg/giadb

CPI in Apr 2024 rose 0.1% from the previous month and 2.7% from a year earlier.

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

#economy #prices #CPI

Explore trends in Consumer Price Index at Division Level using the interactive dashboard at 👉 go.gov.sg/cpidb.

Manufacturing output increased 7.1% in Apr 2024 on a seasonally adjusted month-on-month basis.

More info via 👉 www.edb.gov.sg.

#industry #manufacturing #IIP

In nominal terms, personal disposable income grew by 5.2% in 1Q 2024, extending the 4.9% increase in the previous quarter due to stronger growth of compensation of employees and gross operating surplus on ownership of dwellings. Personal saving rate increased to 36.1% in 1Q 2024 from 35.2% in the previous quarter.

More info via www.singstat.gov.sg/pdips.

#economy #nationalaccounts #PDI #PS

Business receipts of Singapore’s Services industries, excluding Wholesale Trade, Retail Trade, Accommodation and Food Services, increased 10.5% in 1Q 2024 compared to 1Q 2023.

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

#industry #services #BRI

Household net worth grew by 8.0% on a year-on-year basis in 1Q 2024. Growth in financial assets and residential property assets moderated in 1Q 2024 compared to 4Q 2023, while growth in liabilities strengthened.

More info via 👉 www.singstat.gov.sg/hhld-bal.

#economy #hhldsectorbalancesheet

Explore trends in Singapore’s household assets and liabilities using the interactive dashboard 👉 go.gov.sg/hhsectorbaldb.

The Import, Export, Singapore Manufactured Products and Domestic Supply Price indices rose 2.5%, 1.1%, 0.3%, and 1.8% respectively in Apr 2024 over Mar 2024.

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

#economy #prices #PPI