Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore GDP Growth Rate YoY Adv fell to 2.9 in April 2024
FMPQuarterlyReleased July 2024
Singapore GDP Growth Rate YoY Adv fell to 2.9 in April 2024, released July 2024, down 0.1 from March's 3.0 reading. The print exceeded the 2.7 consensus by 0.2. The print is running well below the 12-month average of 3.34. GDP Growth Rate YoY Adv is now the highest in 18 months.
Latest Release
2.9
Actual
2.7
Consensus
3
Previous
Median Absolute Error
±0.35 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 2.7
Actual: 2.9
Error: -0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/SGD | ▼ Inverse | −0.50 | FOREX | Bullish SGD | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The July 2024 reading fell from the previous value of 3. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.35. Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD) and positively correlated with AUD/USD (Watch).
SHARE
GDP Growth Rate YoY Adv - SG
Loading chart data...