- Singapore’s Manufacturing PMI and Retail Sales: Key data to assess industrial activity and consumer spending trends.
- US Jobs Report and China PMI: Global updates to influence market sentiment and policy outlooks.
- Dynamic Week for Investors: Balancing local data with global developments for year-end strategies.
As we step into December, the final month of the year, Singapore’s markets prepare for a busy week filled with economic updates and investor events. While local data takes center stage, global developments will also influence market sentiment, making this a critical week for investors to stay informed.
Singapore: Manufacturing and Retail Data in Spotlight
Singapore’s SIPMM Manufacturing PMI for November, set to be released, will be closely watched in the industrial sector. A forecasted reading of 50.6, slightly lower than October’s 50.6, reflects the resilience of the industry. Manufacturing plays a pivotal role in Singapore’s trade-driven economy, making this data a key market mover.
Retail sales data for October, due on Thursday, is expected to show a slight decline to 0.8% from the previous 2.0%, reflecting the slowdown in consumer spending globally. Investors will also monitor sales excluding autos, which provide a clearer picture of core retail demand.
Additionally, the MAS 12-week and 4-week Treasury bill auctions on Tuesday will offer insights into investor appetite for short-term government debt amid fluctuating global yields.
Global Developments to Watch
While Singapore’s domestic data will guide local markets, global events and data releases will influence investor sentiment:
- US November Jobs Report: The highly anticipated report on Friday is expected to show a gain of 183,000 non-farm payrolls. This will provide critical insights into the strength of the US economy and its implications for Federal Reserve policy.
- China PMI Data: Investors will closely track the Caixin China Manufacturing PMI and Services PMI, which could signal whether recent policy measures are gaining traction in stabilizing the world’s second-largest economy.
- European Union Retail Sales: October retail sales data, expected to show a 1.2% year-on-year increase, could offer a glimpse into consumer resilience across Europe.
Outlook for Singapore Markets
With critical local data, such as the PMI and retail sales, and global economic indicators shaping sentiment, the Singapore market faces a dynamic week. Investors should remain vigilant, balancing domestic trends with global macroeconomic and corporate developments as they strategize for year-end portfolios.
Disclaimer: ProsperUs Head of Content & Investment Lead Billy Toh doesn’t own shares of any companies mentioned.
