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Singapore Food and Drink Report

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Singapore Food and Drink Report

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  1. Singapore Food and Drink Report One-Stop Shop for Business Information

  2. Summary Executive Summary The Singaporean consumer outlook remains steady as the city-state continues to push foreconomic momentum. With unemployment low and private consumption stable, the Singapore consumer sector continues to look strong. The Singaporean economy has shown some nascent signs of life lately, with a strong services sector powering real GDP growth to a surprise 5.1% year-on-year performance in Q313.As a result of the economy's better than expected performance, as well as material revisions to H113figures, we have upgraded our full-year real GDP 2013 forecast to 3.6% from 3.1% previously.

  3. That said, we believe that a somewhat middling external demand picture will likely effect a modest slowdown from the current pace of growth in 2014, and therefore retain our 3.2% forecast for the year. Headline Industry Data (local currency) ■ 2014 food consumption = +1.9%; compound annual growth rate (CAGR) forecast 2014 to 2017 = +1.4% ■ 2014 alcoholic drink value sales = +7.4%; CAGR forecast 2014 to 2017 =+5.0% ■ 2014 soft drink value sales = +3.2%; CAGR forecast 2014 to 2017 = +2.0%■ 2014 mass grocery retail sales = +2.7%; CAGR forecast 2014 to 2017 = +2.1% ■ 2014 trade deficit growth= +10.3%; CAGR forecast 2014 to 2017= +8.7%.

  4. Table of Contents • Industry View • SWOT • Food • Drink • Mass Grocery Retail • Industry Forecast • Consumer Outlook • Food • Food Consumption • Food Consumption Indicators - Historical Data & Forecasts, 2010 2017

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