Sept factory output up; economists unsure if strong data will hold
Singapore
THE explosion of interest in Samsung Note 7s and Apple iPhone 7s seems to be the bright spark in Singapore's third-quarter economic growth estimates, for now. On the flip side of the coin, economists are wondering how long this can last, as they toned down their fourth-quarter growth estimates.
Data from the Economic Development Board showed on Wednesday that September's industrial production, driven by a huge output from the biomedical and electronics clusters, surged with a 6.7 per cent year-on-year (YoY) growth. One market poll had put the median consensus at only 1 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s March factory output falls most in 15 months
Deflation reaches UK stores as non-food prices fall 0.6%
Japan’s March factory output rises 3.8% vs month earlier
Hong Kong vies with US in Bitcoin ETF market after crypto’s revival
More UK companies plan price rises but wage expectations cool: Lloyds
Campaigning EU chief von der Leyen defends record during debate