Chart of the Day
Manufacturing leads Singapore’s GDP growth with 11% YoY rise in Q3
GDP is expected to drop in 2025.
Transport, logistics, and automotive sector to lead employment in Q1 2025
The energy and utilities sector has the lowest employment outlook, at -29%.
Green shipping support tepid amongst Singapore SMEs
Only 23% are willing to spend more on sustainable shipping.
PMI slips 1.6 points in November
November marked the 21st consecutive month of expansion in Singapore's private sector.
Four-room HDB units dominate November resale market with 45% share
Prices for 3-room units saw the highest increase.
Singapore general insurance market to reach $8.1b by 2029: report
The industry is expected to grow by 8.0% in 2024.
COTD: 8 in 10 employers plan salary hikes of 3% or more in 2025
Majority plan to increase salaries by 3%-5%.
Non-landed home rentals rise 3.4% YoY in 2024
There were 80,000 non-landed residential units rented out in 2024.
HDB rental demand recovers in H2 2024, to weaken in 2025: report
In 2025, supply is expected to decrease, and rental growth is projected to slow.
Singaporeans rely on CPF as primary source for healthcare future financing: report
Gen X and Baby Boomers were found to rely on CPF the most.
Industrial leasing activity rises 2.1% YoY in Q3
There were 3,205 tenancies recorded during the period.
Tech solutions emerge as key to investor retention in Singapore
Singapore asset managers invest in tech to boost investor retention.
Netflix remains the leading streaming platform in Singapore
Netflix’s market share in Singapore slipped 2% in Q3 2024.
Chinese car brands gain confidence amongst S'porean car owners: survey
80% of car owners in Singapore trust Chinese car brands.
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Commentary
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