TRADE WAR ·
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No light at the end of manufacturing tunnel

Singapore factory output back in the red in May; economists even more doubtful about recovery

Singapore

THE fate of the Singapore economy hangs on US-China trade outcomes, analysts warned on Wednesday, after more gloomy factory numbers.

Singapore's manufacturing output was down year on year by 2.4 per cent in May, after a brief reprieve in April, according to the latest preliminary Economic Development Board data.

Factories are now down by 0.7 per cent for the first five months of the year, compared with the year-ago period - and economists do not expect a let-up in data from June, either.

Maybank...

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