Some data out of Singapore and comments from the Monetary Authority of Singapore
- Singapore q4 gdp +3.6 pct y/y (reutters poll +2.9 pct)
- Singapore revises 2017 gdp growth to 3.6 pct (advance estimate 3.5 pct)
- Ministry or Trade and Industry says central view is for 2018 gdp growth to come in slightly above middle of 1.5 to 3.5 pct forecast range
- q4 manufacturing -14.8 pct q/q at annualised, seasonally adjusted rate
- q4 services +6.3 pct q/q at annualised, seasonally adjusted rate
- q4 finance and insurance +12.6 q/q at annualised, seasonally adjusted rate
- Singapore trade agency raises 2018 NODX growth forecast to 1 to 3 pct (previous forecast 0 to 2 pct)
- Singapore trade agency raises 2018 total merchandise trade growth forecast to 3 to 5 pct (previous forecast 1.5 to 3.5 pct)
- Singapore trade agency says nodx rose 8.8 pct in 2017, total merchandise trade rose 11.1 pct in 2017
MAS:
- sees limited spillover from recent market moves
- monetary policy stance remains as since October
- MAS has not changed core or CPI forecasts since October
more to come
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