Economy

Japan revised up Q4 GDP to 1.2% annualized

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Japan’s economy grew faster than initially reported in the final quarter of 2016, with an upward revision in business spending and a jump in investment growth bolstering activity.   Asia’s second-largest economy grew at an annualized rate of 1.2% in the October-December quarter, revised up from a preliminary reading of 1.0 percent growth, according to […]

Economy

Price Index of Private Apartments in Singapore Unchanged in January

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Index tracking prices of non-landed private apartments in Singapore were overall unchanged in January,  as resale prices of completed private homes in central region’s slight increase offset by the drop of those in the non-central region, flash estimates from the NUS Singapore Residential Price Index (SRPI) showed. ​ Prices of homes in the central region, excluding small units, climbed 0.7% […]

Economy

Singapore Economy Expanded 2% in 2016, Forecasts 1-3% for 2017

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Singapore economy expanded 2.0% in 2016, the trade and industry ministry(MTI) said. The MTI has maintained the GDP growth forecast at “1.0 to 3.0%” for 2017. The 2% economic growth was mostly driven by the last quarter growth which expanded 2.9% year-on-year. On seasonally-adjusted annualised basis, the Q4 GDP expanded by 12.3% from the Q3, reversing the contraction of 0.4% in […]

China

China’s January manufacturing PMI Slides

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China’s manufacturing Purchasing Managers’ Index (PMI) came in at 51.3 in January, 0.1 percentage points lower than 51.4 recorded in December, according to data released today by the National Bureau of Statistics (NBS).   A PMI reading above 50 indicates expansion, while a reading below 50 reflects contraction.   The sub-index for production was 53.1, 0.2 percentage […]