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Singapore July factory output beats forecasts, technical recession may be averted

Published Mon, Aug 26, 2019 · 09:50 PM

Singapore

SINGAPORE'S factory output fared better than forecast in July, but economists caution it is too early to hail a manufacturing turnaround as the US and China intensify their tariff brinksmanship.

They added that the stronger-than-expected numbers might save Singapore from a technical recession in the third quarter, but it is unlikely to move the needle when it comes to the widely-projected monetary policy easing in October.

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Singapore economy

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Singapore

Singapore July factory output beats forecasts, technical recession may be averted

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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