Quick takes: What 5.5% drop in Singapore's March manufacturing output means for growth outlook
SINGAPORE's industrial output shrank 5.5 per cent in March from a year ago, a sharper decline than February's 3.3 per cent drop, but better than the 5.9 per cent drop that economists had been expecting. This follows a better than expected report on non-oil domestic exports (NODX) for the month of March too.
Here's what some of them say about what this means for the economy's growth outlook:
Citi economists Kit Wei Zheng and Yap Kim Leng:
Bank of America Merrill Lynch economist Chua Hak Bin:
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Global wave of consultancy layoffs has not hit Singapore
Daily Debrief: What Happened Today (Apr 19)
An economy transformed: Lee Hsien Loong’s 20 years as Singapore’s Prime Minister
Daily Debrief: What Happened Today (Apr 18)
Singapore’s first RoboCluster launched for facilities management, to turn R&D into market solutions
Daily Debrief: What Happened Today (Apr 17)