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Growth risks compound on shock factory drop

Manufacturing reprieve in July proves short-lived; some economy watchers cut growth forecasts

Annabeth Leow

Published Thu, Sep 26, 2019 · 09:50 PM

Singapore economy

Singapore

WHILE Singapore could still escape a technical recession, the risks have gone up, economy watchers warned.

Factory output plunged by 8 per cent year on year in August, according to fresh data on Thursday. It aborted hopes of a reprieve, despite a better-than-expected showing in July.

KEYWORDS IN THIS ARTICLE

Manufacturing

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Singapore

Growth risks compound on shock factory drop

Annabeth Leow

KEYWORDS IN THIS ARTICLE

Economy & Policy

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

8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey

Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF

Daily Debrief: What Happened Today (Apr 23)

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