Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Singapore May industrial production likely to expand 9.0 pct y/y; inflation seen higher from H2 2018 onwards: DBS Bank

Singapore’s consumer price-related inflation and industrial production data are on tap this week. The price barometer meter is expected to remain sluggish. Expectation is for the reading to inch up a tad to just 0.2 percent y/y, from 0.1 percent previously, according to the latest research report from DBS Bank.

But before one starts to feel jittery about the return of negative inflation, it pays to note that factors weighing down on inflation are largely domestic while external price pressure is brewing. Imported inflationary pressure is rising, led mainly by the recent uptrend in oil prices and a moderately weaker currency. Expect inflation to start heading higher from the second half of this year onwards.

Industrial output for May is expected to expand 9.9 percent. This is partly due to the low base effect, which will likely dissipate in the coming months. Moreover, manufacturers are facing capacity constraint in the near term, which could see output growth easing slightly lower. Unless manufacturers are willing to invest in capacity to boost overall output, else the upside on production growth will be limited.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 18 08:30 UTC Released

GBX (Retail Prices) MM

Actual

0.3 %

Forecast

Previous

0.4 %

July 18 08:30 UTC Released

GBRPI YY

Actual

3.4 %

Forecast

3.5 %

Previous

3.3 %

January 31 00:00 UTC 242569242569m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242569242569m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 254389254389m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 242569242569m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 254389254389m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 242569242569m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242569242569m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242569242569m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.