Quick takes: What 5.5% drop in Singapore's March manufacturing output means for growth outlook
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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:
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