Singapore Inflation at 1.8% in April, GDP Growth Revised to 6%
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowSingapore reported a consumer price increase of 1.8% for April, below the expected 2%. Core inflation was also lower at 1.4%, compared to expectations of 1.7%. The Monetary Authority of Singapore (MAS) anticipates imported cost pressures to rise in the months ahead, impacting production and transportation costs. Additionally, Singapore revised its first-quarter GDP growth to 6%, up from previous estimates of 4.6%, surpassing Reuters' prediction of 5.1%, and expects full-year growth of 2%-4% in 2026.
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About Masco Corporation (MAS)
Masco makes home-improvement and building products, including Behr paints and Delta faucets.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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