Singapore is the Commonwealth’s business hub in Southeast Asia. And since the Commonwealth constitutes the focus of our analytical coverage, we are observing the Lion City’s economic state with our own, specially developed indicator, the SiNGES. It has been constructed along the lines of our UKES, its sister indicator for the United Kingdom and consists of two components constituting the main index.
The component “expectations” runs ahead of the current situation, comprising elements such as development of inflation and interest rates, consumer- and business confidence, etc. The “state” component describes the current situation and comprises data such as industrial production, net trade, etc. The main index, then, is a smoothed combination of the two components.