Singapore factory growth falls to single digits in January as high base starts to bite
Industry production likely to still grow, but at milder pace than previous 2 years, analysts say
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Singapore
SINGAPORE'S manufacturing slowdown may have begun, with factory output coming in below forecast in January on the back of a high base from 2 bumper years.
The linchpin electronics cluster is still expected to drive the factory sector in 2022 - but chip production is hitting a capacity ceiling, and demand may also weaken, especially as war is now breaking out in Europe, analysts have said.
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