Market Intelligence Reports

Quarterly APAC Market Report Q3 2020

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20 October, 2020 Singapore Schools Reopened Non-essential Shops Open Bars and Restaurants Open International Travel Allowed Essential business and official travel is gradually being allowed for specific countries. Arrival Free of Quarantine Sources: https://www.manpowergroup.com/workforce-insights/data-driven-workforce-insights/manpowergroup- employment-outlook-survey-results#%20 https://stats.mom.gov.sg/Pages/Employment- https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html mmary-Table.aspx https://stats.mom.gov.sg/Pages/Labour-Market-Report-2Q-2020.aspx https://tradingeconomics.com/singapore/industrial-production https://datastudio.google.com/reporting/abd4128c-7d8d-4411-b49a-ac04ab074e69/page/qk3NB https://www.mom.gov.sg/newsroom/press-releases/2020/1030-labour-market-advance-release-3q- 2020 Total Workforce (June) 3,790K % Unemployed (Aug) 4.5% Unemployed Workers (Aug) 106K During Q2, 81,720 employees were either placed on short work week or temporary lay-off. The ratio of vacancies to unemployed fell to 0.57 compared to 0.91 during Q2 2019. Vacancies in June at lowest level since Mar '10. Despite experiencing the highest unemployment rate in more than a decade. Manufacturing production has increased by approximately a quarter YOY to Sept, the increase has been driven by biomedical manufacturing especially pharmaceuticals. The Government has set aside $1bn for Jobs Growth Incentive to assist hiring in key industries including ICT, Biomedical and Financial services. 5.6% of 2016-18 GDP was from inbound tourism. Labor Force (in thousands) and Unemployment Rate by Quarter Most Recent Workforce Statistics Employment Situation Manpower Q4 Employment Outlook Survey (MEOS) Total Covid-19 Deaths (22 nd October 2020) https://www.worldometers.info/coronavirus Covid-19 Restrictions – October 2020

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