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The Department of Statistics will release February inflation data on 24 March and February industrial production (IP) data on 26 March. Economists at Standard Chartered Bank share their forecasts. USD/SGD is trading at 1.446.

Key quotes

“We expect headline inflation to have declined to 0.2% from 0.8% in March as food servicing services may have seen a fall in prices.” 

“We forecast core inflation at 0%, down from 0.3% previously.”

“We expect IP to have contracted 2.3% y/y, as the lockdown in parts of China due to the coronavirus may have affected supply chains.”