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

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

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    Still negative, but better than expected

    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.

    Singapore manufacturingSingapore economy

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