THIS holiday-shortened week will be a packed one for economic data releases.There will also be a slew of data to be released this week, including the industrial production index , manufacturing sales, unemployment rate and construction statistics.
TA Securities is maintaining its 2021 GDP growth estimate at 4.7%. The country’s economy recorded a contraction of 0.5% in Q1 of 2021. Based on advance estimates, the republic’s economy grew by 14.3% on a year-on-year basis in the second quarter of 2021, extending the 1.3% growth in the previous quarter.On a quarter-on-quarter seasonally-adjusted basis, the Singapore economy contracted by 2% in Q2 of 2021, a reversal from the 3.1% growth in the preceding quarter.A slew of data is due from China including producer price index , consumer price index , M2 money supply and new yuan loans.