Producer costs of Singapore's manufactured products continued to decline in May, albeit at a slower pace than in April, the latest figures from the Department of Statistics revealed Friday.
The manufactured products price index fell 5.3 percent year-on-year in May, following a 7.7 percent decline in April. Prices have fallen in every month since August 2012.
Factory prices of both non-oil and oil products declined during the month. Month-on-month, the overall producer price index rose 0.4 percent in May.
Domestic supply price index fell 5 percent in May from a year earlier, but remained unchanged compared to April.
The statistical agency also reported that Singapore's import price index fell 4.9 percent year-on-year in May and was down 0.3 percent on a month-on-month basis.
Export prices declined 5.4 percent annually during the month. Compared to April, prices fell 0.4 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.