Tracking S'pore 2009 Economy - 1Q09 GDP

(1) GDP
1Q09 (qtr-qtr): -14.6%
1Q09 (yr-yr): -10.1% (LastQ: -4.2%)
2008: 1.1% (2007: 7.8%)
2009 Forecast: -9 to -6% (Revised fr: -5 to -2%)

(2) CPI
(A) Mth-Mth
May 09: 0.6%
Apr 09: -1.1%
Mar 09: -0.4%

(B) Yr-Yr
May 09: -0.3%
Apr 09: -0.7%
Mar 09: 1.6%

(C)
2008: 6.5%
1st 5mths of 2009: 1.1%

(3) Employment
1Q09p: -1.0k
4Q08: 21.3k
3Q08: 55.7k
2008: 227.2k (LastYr: 234.9k)

(4) Redundancies
- Retrenchment & Contract Workers
1Q09p: 12,600
4Q08: 9,410
3Q08: 3,180
2008p: 13,400 (LastYr: 7,675)

(5) Unemployment
1Q09p: 3.2%
4Q08: 2.5%
3Q08: 2.3%
2008: 2.3% (LastYr: 2.1%)

(6) Others
Apr09: Total trade -28.5%
Mar09: Industrial Production Index -33.9%
Mar09: Retail Sales -7.3%

* MTI-GDP *
* StatSing: CPI03 , CPI04, CPI05 *
* MOM-Employment *