FW: RHB | Singapore | Domestic Credit Demand Slowing Down

 

 

Economic Research			4 December 2017
Singapore
Economic Update
Domestic Credit Demand Slowing Down   Singapore’s money supply (M3), including Asian currency units, slowed to +6.1% YoY in October, dragged by moderating public and private demand for credit. Meanwhile, net foreign position growth improved, cushioning some of the downside. Going forward, we envisage for M3 to grow 6.2% next year, from +5.6% estimated for 2017.     Economist:  Ng Kee Chou | +603 92802179
To access our recent reports please click on the links below: 27 November 2017: IPI: Improvement Despite Pharmaceuticals Slump 24 November 2017: CPI Steady In October; Set To Rise In Last Two Months 24 November 2017: Private Spending Rebounds As GDP Hits Four Year High 20 November 2017: October NODX Surged But Electronics Slowing Down 01 November 2017: Loan Growth And M3 Diverge 27  October 2017: IPI Remains On An Easing Trend
Economics Team
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
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@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

 

 

 

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