新加坡海峡时报指数 (STI) 加自选

新加坡经季节性调整的失业率在2025年第二季度从最初估计的2.1%略微下调至2%，与上一季度持平。这标志着自2024年第一季度以来的最高水平，尽管这仍然反映了在经济持续增长的情况下劳动力市场的弹性。本季度总就业人数大幅增长（10400人，而第一季度为2300人），这得益于居民（+2600人）和非居民就业人数（+7800人）的大幅增长。与此同时，裁员保持稳定（3540对3590），尽管劳动力市场有疲软的迹象。2025年第二季度的职位空缺从上一季度的81100个降至76900个，大多数行业的职位空缺都出现了广泛下降。尽管如此，劳动力需求继续超过供应，职位空缺与失业率之比为1.35。展望未来，全球不确定性预计将影响招聘和工资增长。

Singapore’s seasonally adjusted unemployment rate was revised slightly lower to 2% in the second quarter of 2025, from an initial estimate of 2.1%, and unchanged from the previous quarter. This marked the highest level since Q1 2024, though it still reflects a resilient labour market amid continued economic growth. Total employment rose significantly during the quarter (10,400 vs 2,300 in Q1), driven by larger gains in both resident (+2,600) and non-resident employment (+7,800). Meanwhile, retrenchments remained stable (3,540 vs 3,590), though there were signs of softening in the labour market. Job vacancies fell to 76,900 in Q2 2025, from 81,100 in the previous quarter, with broad-based declines across most sectors. Nonetheless, labour demand continued to outpace supply, with the job vacancy-to-unemployed ratio at 1.35. Looking ahead, global uncertainties are expected to weigh on hiring and wage growth.

新加坡的非石油国内出口（NODX）在7月份上调4.7%后，在2025年8月意外同比下降11.3%。这标志着今年迄今为止的第四次收缩，也是自2024年3月以来的最大跌幅，受到电子和非电子出口下降的拖累。非电子产品出口同比暴跌13.0%（7月份为-6.7%），受食品制剂（-51.4%）、专用机械（-29.1%）和石化产品（-23.2%）大幅下降的拖累。与此同时，电子产品出口下降6.5%，扭转了7月份2.7%的增长，原因是个人电脑（-36.9%）、磁盘介质产品（-28.1%）和集成电路（-7.4%）的出货量下降。由于美国新征收的关税，运往美国的货物大幅下降（-28.8%）。对印度尼西亚（-39.6%）、中国（-21.5%）、香港（-20.9%）和泰国（-20.0%）的出口也有所下降。相比之下，对韩国（24.8%）、台湾（9.1%）和欧盟（28.9%）的出口增长。NODX在7月份下降6%后，每月下降8.9%。

Singapore’s non-oil domestic exports (NODX) unexpectedly slumped 11.3% year-on-year in August 2025, following an upwardly revised 4.7% decline in July. This marked the fourth contraction so far this year and the steepest drop since March 2024, weighed down by declines in both electronic and non-electronic exports. Non-electronic exports plunged 13.0% yoy (vs -6.7% in July), weighed down by sharp declines in food preparations (-51.4%), specialised machinery (-29.1%), and petrochemicals (-23.2%). Meanwhile, electronic exports fell 6.5%, reversing a 2.7% gain in July, due to decreases in shipments of PCs (-36.9%), disk media products (-28.1%), and ICs (-7.4%). Shipment slumped to the US (-28.8%), dampened by newly imposed American tariffs. Exports also dropped to Indonesia (-39.6%), China (-21.5%), Hong Kong (-20.9%), and Thailand (-20.0%). By contrast, exports grew to South Korea (24.8%), Taiwan (9.1%), and the EU (28.9%). Monthly, NODX dropped by 8.9%, following a 6% fall in July.

新加坡旅游局周一公布的最新数据显示，2025年8月，新加坡国际游客人数同比增长4.5%，达到160万人次。中国仍然是这个城市国家的最大客源市场，本月游客人数超过39.8万人。2025年前八个月，外国游客总数为1160万人次，比去年同期增长2.7%。中国继续成为新加坡最大的游客来源地，有230万游客，其次是印度尼西亚和印度。此前，新加坡旅游局表示，预计2025年全年游客人数将达到1700万至1850万，旅游收入约为290亿新元（226亿美元）至305亿新元。

Singapore’s international visitor arrivals increased 4.5% year-on-year in August 2025, reaching 1.6 million, according to the latest data from the Singapore Tourism Board (STB) released on Monday. China remained the city-state’s top source market, contributing over 398,000 visitors during the month. In the first eight months of 2025, foreign tourist arrivals totaled 11.6 million, marking a 2.7% increase from the same period last year. China continued to lead as Singapore’s largest source of tourists with 2.3 million arrivals, followed by Indonesia and India. Previously, the STB said it expects full-year visitor arrivals in 2025 to reach between 17.0 million and 18.5 million, generating approximately SGD 29.0 billion (US$22.6 billion) to SGD 30.5 billion in tourism receipts.

新加坡10年期政府债券收益率降至1.76%，为2022年2月以来的最低水平。过去4周，新加坡10年期债券收益率下跌14.00个基点，过去12个月下跌66.60个基点。

Singapore 10 Year Government Bond Yield decreased to 1.76%, the lowest since February 2022. Over the past 4 weeks, Singapore 10Y Bond Yield lost 14.00 basis points, and in the last 12 months, it decreased 66.60 basis points.