Singapore November manufacturing beats forecasts with 7.6% year-on-year growth
Excluding volatile biomedical manufacturing sector, factory output grew 5.3% year-on-year
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE'S manufacturing output grew 7.6 per cent year-on-year in November, beating economists' estimates of 4.2 per cent and outstripping October's 5.5 per cent figure, according to preliminary estimates from the Singapore Economic Development Board on Wednesday.
Yet, economists are cautious not to be too congratulatory. Mizuho Bank head of economics and strategy Vishnu Varathan noted that the November performance was boosted by biomedical outperformance exaggerated by a low year-ago base, as well as fairly steady month-to-month electronics output also "being flattered by a low base" from 2017.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
