Census and Statistics Department

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Diffusion index slips to 41.3 in August

Diffusion index slips to 41.3 in August

However, the one-month ahead outlook DI on business receipts was 45.4. 

Retail records 11.9% decrease in business receipts in Q2

Changing consumption patterns continues to be a major challenge.

Exports value climbs 13.1% in July

There were significant gains in electrical machinery.

Unemployment rate stands at 3%

There were 117,800 unemployed people between May and July.

Economy grows 3.3% YoY in Q2 2024

Quarter-on-quarter, the economy grew by 0.4%.

Diffusion index climbs to 41.8 in July, indicating SME growth

The index, however, remained in contractionary territory. 

Retail sales value fall 9.7% YoY to $29.9b in June

The government attributed the decline to changing consumption patterns.

Consumer prices rise 1.2% YoY in May

Prices rose faster in May compared to April.

Retail sales value plummets 14.7% in April amidst the Easter holidays

Only one retail outlet type recorded an increase in sales.

Consumer price growth eases to 1.1% in April

Prices for transport, housing, and clothing saw increases in April.

Unemployment rate stands at 3%

There were 113,700 unemployed people from February and April.

Retail sales value dip by 7% MoM to $31.2b in March

Amongst retail outlets, "jewellery, watches and clocks, and valuable gifts" recorded the steepest decline.

Consumer prices rise slightly in March

Prices rose 2%, higher than the average 1.9% increase for January and February.

Exports volume climbs 28.6% YoY in January

Imports also rose by double digits.