UOB Group Senior Economist Alvin Liew the latest edition of retail sales in Singapore.
“Although Singapore’s retail sales fell by -1. 3% MoM in August (from 0. 7% in July), this translated into a 13. 0% year-on-year expansion in August (compared to 13. 9% in July), the 5th consecutive month of double-digit growth. Excluding motor vehicle sales, the steepest year-to-m drop was -1. 8% (from 0. 6% in July), resulting in a cumulative 16. 2% YoY (compared to 18. 4% YoY). /year in July).
“While expansion slowed than expected, the expansion of retail sales in August still added to a solid foundation for domestic demand in 3Q22. While we note that most primary segments experienced m/m declines in August, this may be just a detail of normalization. after the strong post-reopening increase in April (2022) in the repressed call. According to Singapore’s Department of Statistics, year-on-year accumulation is attributed to year-on-year accumulation in the most important retail sales segments.
“Year-to-date, retail sales are up 11. 2% year-on-year. Domestic stores are likely to see continued internal and external support, complemented by the return of major events such as F1 night races, various BTMICE concerts and activities (travel and business meetings, incentive trips, congresses and exhibitions) that attract the arrival of tourists, while the tighter domestic labor market will also contribute to domestic customer demand. the coming months. Unless new COVID-19-like or other health-like hazards re-emerge in Singapore and the region (leading to the reimposition of social and travel restrictions, which is not our base case), we expect retail sales to increase by up to 8. 5% in 2022 (implying a more conservative forecast of around 4% expansion in the remaining months of 2022). “
The data on those pages includes forward-looking statements involving hazards and uncertainties. The markets and tools presented on this page are for informational purposes only and should in no way appear as a recommendation to buy or sell those assets. You deserve to do your own thorough studies before making any investment decisions. FXStreet does not warrant that this data is free from errors, errors or curtain inaccuracies. Nor does it guarantee that such data will be of a timely nature. Investing in open markets involves a lot of risk, adding total or partial waste of your investment, as well as emotional distress. All risks, losses and costs related to the investment, adding the total loss of principal, are your responsibility. The views and reviews expressed in this article are those of the s and do not necessarily reflect the official policy or position of FXStreet or its advertisers. They will not be guilty of the data that can be discovered in the end. of the links shown on this page.
Unless explicitly stated otherwise in the framework of the article, at the time of writing, the writer has no position in the movements discussed in this article and has no business appointments with the discussed corporations. The writer has not earned any remuneration for the writing of this article, other than from FXStreet.
FXStreet and the do not provide personalized recommendations. He makes no representations as to the accuracy, completeness or relevance of this data. FXStreet and he shall not be liable for any errors, omissions or losses, injuries or damages resulting from such data and its demonstration. or use. Unless there is an error or omission.
Neither FXStreet nor are registered investment advisors and nothing in this article is intended to be investment advice.
GBP/USD rallied from an intraday low of 1. 1059. La pound plunged after poor British knowledge and while sentiment remained sour. The latter has been replaced by the hypothesis that the US Federal Reserve will not be able to do so. The U. S. economy will reduce the speed of adjustment before the end of the year.
EUR/USD rallied well from around 0. 9700 amid the hypothesis that the US Federal Reserve was able to do so. The U. S. government will debate smaller rate increases starting in December. Stocks reversed their first losses before the open, some tension in the USD.
Gold’s value is on track for the time being with consecutive weekly losses amid emerging Treasury yields. The US dollar is back in the game due to aversion to threats and competitive bets on the Fed’s rate hike. The trail of lower XAU/USD resistance remains to the downside, with eyes set on $1,607.
Large portfolio investors in the Ethereum network have recovered amounts of altcoin. Over the past month, whales possessing at least one million ETH have jointly accumulated another 3. 5 million Ethereum.
Snap (SNAP), the social media app once enjoyed through advertisers for its young and young audience, plunged 27. 1% after hours on Thursday after having no profit forecasts and refusing to provide recommendations again.
Note: All data on this page is subject to change. The use of this implies acceptance of our user agreement. Read our privacy policy and legal notice.
Forex trading on margin carries a high degree of risk and may not be suitable for all investors. The maximum level of leverage can be for both you and you. Before you decide to invest in currencies, you should thoroughly consider your investment. objectives, point of experience and appetite for threats. It is conceivable that you will suffer a total or partial loss of your initial investment and therefore deserve not to invest money that you cannot lose. You deserve to be aware of all the threats related to forex trading and seek the recommendation of an independent monetary advisor if you have any doubts.
The perspectives expressed on FXStreet are those of the individual authors and do not necessarily constitute the opinion of FXStreet or its management. FXStreet has not verified the accuracy or factual basis of any or constitution made through an independent author: errors and omissions may occur. . Any opinions, news, research, analyses, pricing or other data contained on this website, through FXStreet, its employees, clients or collaborators, are provided as a general market observation and do not constitute investment advice. FXStreet will not accept any liability for any loss or damage, including but not limited to any loss of profits, which would possibly be maintained directly or indirectly by use of or reliance on such data.