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A jump of 56.9 from 54 in the ISM Index might mean good news for the West, but does not bode well for Asia.

Singapore’s foreign reserves rose the highest in Asia over the last 12 months, expressed as 31% of its GDP.

Although the economy is set to slow following “stunning” growth in the first half of the year, momentum is still robust says HSBC.

Both new order and new export orders were down in September.

Investors should stay exposed to Singapore given its decent dividend yield, reasonable earnings forecast and modest valuations, according to HSBC.

HSBC noted FDI actually picked up during the financial crisis as investment in the recent integrated resort developments was realised.

OCBC expects the pair to see a 1.3200-1.3300 range.

Industrial production output is expected to move sideways in the months ahead, with occasional swings due to the volatile pharmaceutical segment, according to DBS.

According to DBS, manufacturing PMIs in key markets are tapering off, signaling a possible slowdown in demand.

This is due to a tighter labour market and hikes in foreign worker levies, according to DBS.

Growth was led by the wholesale and retail trade (18.9%), hotels and restaurants (10.4%) and the other services segment (12.9%), according to DBS.

DBS Group Research noted if trade balance had remained stable between Q1 and Q2, GDP growth would have been 5.3% (QoQ, saar) instead of the 1.6% that it was.

The SGD NEER is currently around +1.9% above its perceived parity and the pair is expected to be heavy but restrained within a 1.3380-1.3480 range, according to OCBC.

Retail sales in the US should show a continuation of the 6% (saar) trend growth established 18 months ago, according to DBS.