Singapore Producer Prices Decline Slows In September

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Singapore’s producer prices declined at a softer pace in September, data from the Department of Statistics showed on Thursday.

The manufacturing producer price index fell 9.7 percent year-on-year in September, following an 9.9 percent decline in August.

The oil index declined 40.5 percent annually in September, and non-oil indices fell 5.0 percent.

The Domestic Supply Price Index dropped 10.5 percent year-on-year in September, following the 9.3 percent decrease in August.

On a monthly basis, producer prices rose 0.2 percent in September, after a 1.9 percent decrease in the preceding month.

Another report from the statistical office showed that the import prices fell 8.1 percent annually in September, following a 6.9 percent decrease in the previous month.

On a month-on-month basis, import prices decreased 1.1 percent in September, after a 0.2 percent fall in the prior month.

Data showed that export prices declined 9.4 percent yearly in September and fell 1.1 percent from a month ago.

The material has been provided by InstaForex Company – www.instaforex.com

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