Singapore 2Q GDP Plunges 3.3% QoQ

GDP for Q2 -3.3 pct q/q at annualised, seasonally adjusted rate (compared with the Reuters poll -2.9 pct) • 0.1 pct y/y (Reuters poll 0.1 pct) • Singapore MTI revises 2019 GDP growth forecast to zero to 1 pct (previous forecast 1.5 to 2.5 pct) • Singapore MTI says 2019 growth expected to come in around mid-point of forecast range • Manufacturing -3.4 pct q/q at annualised, seasonally adjusted rate • Services -2.0 pct q/q at annualised, seasonally adjusted rate • 2019 forecast for non-oil domestic exports revised down to -9% from -8% • non-oil domestic exports -14.6% y/y • The next monetary policy meeting due in Singapore is in October • MAS May Have To Consider Easing Monetary Policy (NEER) • Email To Access Our Next USDSGD Algo Trade Alert: inquiries@ppchk.net

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