Singapore Aug industrial output seen to have edged up 1.8% m-o-m: poll
[SINGAPORE] Singapore's industrial production in August is expected to have edged higher from the previous month, pointing to some stabilisation after contracting for three straight months, a Reuters poll showed.
Manufacturing output in August was forecast to have risen 1.8 per cent from the previous month on a seasonally adjusted basis, according to the Reuters survey.
In July, output fell 4 per cent, recording the third consecutive month-on-month decline.
Industrial production was expected to have risen 0.6 per cent on a year-on-year basis, according to the median forecast in the Reuters poll of 12 economists, after contracting 3.6 per cent in July.
Sluggish exports and depressed demand for offshore drilling rigs have weighed on Singapore's manufacturing sector. The city-state's industrial production in the January to July period was down 0.2 per cent compared to the same period a year earlier.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Singapore factory output reverses into negative territory in March, down 9.2%
Singapore’s growth should strengthen to ‘around potential’, output gap to close by end-2024: MAS
Gan Kim Yong visits US and Canada; to mark 20th anniversary of US-Singapore FTA
NTUC aims to do more to support PMEs, who now account for nearly half its membership
Daily Debrief: What Happened Today (Apr 25)
Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low