Economists warn that Singapore factory output could slow or contract further from Gulf conflict, following February’s 0.1% shock dip
February’s performance is in stark contrast to private-sector economists’ estimates, who predict a median 14.1% expansion
Add BT as a preferred source
[SINGAPORE] Economists cautioned that the Republic’s industrial production growth could slow – or even turn negative – due to the ongoing Middle East conflict, possibly extending February’s shock 0.1 per cent decline.
Factory output unexpectedly dipped 0.1 per cent year on year in February, dragged by the biomedical cluster, data from the Economic Development Board (EDB) showed on Thursday (Mar 26).
This was a sharp reversal from January’s downwardly revised 12.9 per cent growth, and broke a five-month expansion streak.
TRENDING NOW
Singapore private housing is ‘decoupling’ from HDB market as buyer pools diverge: NUS survey
Simba’s 5G spectrum hurdle may accelerate Singapore’s telco market reset
Yen hits 40-year low in historic slide that’s rattled Japan
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
