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Growth in factory output for August hits nadir for this year
Factory output grew 3.3% yoy; economists expect muted factory activity in coming months
Published Wed, Sep 26, 2018 · 09:50 PM
Singapore
THE growth rate in Singapore's factory output for August fell to its lowest this year, on the back of the triple whammy of the Sino-US trade conflict, slowing electronics demand and the high base from last year.
But manufacturers hoping for quick relief will just have to hang tight; economists told The Business Times that they expect factory activity to remain muted over the next few months.
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