FW: RHB | Singapore | M3 Eases In March, Loans Stay On Upward Trend

 

 

 

Economic Research			30 April 2018
Singapore
Economic Update
M3 Eases In March, Loans Stay On Upward Trend   Singapore’s M3, including Asian currency units, eased to 3.1% YoY in March, from a +5.8% rise in the month before. The stronger growth of both public and private credit at 4.4% and 3.4% YoY, respectively, was not enough to offset the slower growth in net foreign position.   Economist: Ahmad Nazmi Idrus  | +603 9280 2179
To access our recent reports please click on the links below: 26 April: IPI: Stellar Semicon Growth But Weakness Persists 23 April: March Inflation Eases To 0.2% YoY 17 April: NODX Falls 2.7%, EP NODX Disappoints 13 April: 1Q GDP At 4.3% On Manufacturing Boost, MAS Hawkish 29 March: Loans Growth Continues Upward Trend 26 March : Factory Production Slows In February
Economics Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhgroup.com		+603 9280 2172
Ahmad Nazmi Idrus	Singapore	ahmad.nazmi.idrus@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184