Chart of the Day: Economy continues to moderate

Blame it on the decline in externally-oriented sectors.

OCBC Investment Research noted:

After expanding 14.5% in 2010, Singapore’s economic growth moderated to 5.4% in 2011 and is now expected to slow to 1.5% in 2012. The pullback in growth momentum was largely due to the decline in externally-oriented sectors, while domestically-oriented activities have remained generally resilient.

Trade-related industries, and the sentiment-driven and offshore lending segments of the financial sector, were the hardest hit by the global slowdown. Manufacturing was not spared, either, and Singapore’s Industrial Production Index contracted by 7.3% QoQ (seasonally adjusted) in 3Q12, following a 0.3% increase in 2Q12 as output slowed across many industries.

On the other hand, domestic activities, especially those anchored by a series of supply-side projects, performed well. Notably, the construction sector grew substantially in 1H12, along with steady expansion in services such as healthcare and education.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2581+0.0027+0.22%
    USDSGD=X
    1.7398+0.005+0.29%
    EURSGD=X
    2.1138+0.0072+0.34%
    GBPSGD=X
    81.3369-0.337-0.41%
    SGDJPY=X
    6.1627-0.013-0.21%
    SGDHKD=X
    2.5983-0.0029-0.11%
    SGDMYR=X
    9,255.6543-44.0303-0.47%
    SGDIDR=X
    4.9667-0.002-0.04%
    SGDCNY=X
    1.1653-0.0006-0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,291.30+6.70+0.52%
    GCM14.CMX
    19.67+0.24+1.22%
    SIK14.CMX
    91.72-1.16-1.25%
    ^XAU
    3.12+0.06+1.90%
    HGK14.CMX
    101.90+0.46+0.45%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI