S'pore factory output contracts 1.2% in Sept

Singapore

SINGAPORE's manufacturing output contracted 1.2 per cent in September, performing worse than expected - but it was still enough for some economists to see a slight upward revision to Singapore's third-quarter GDP estimates (view infographic).

With industrial production growth averaging 1.9 per cent year-on-year in Q3 - stronger than the government's manufacturing growth estimate of 1.4 per cent - economists reckon Q3 GDP growth could be revised upwards to 2.5 per cent year-on-year.