Singapore’s factory output growth slows to 3.9% in May, but beats estimates
Nearly all clusters, including electronics, have recorded increases in production year on year
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[SINGAPORE] The growth of the Republic’s factory output in May was likely fuelled by continued front-loading ahead of US President Donald Trump’s tariffs, though the slower pace suggests that activity is beginning to cool, economists said on Thursday (Jun 26).
Manufacturing output rose 3.9 per cent in May, easing from April’s revised figure of a 5.6 per cent increase, according to data from the Singapore Economic Development Board.
Still, May’s performance exceeded the expectations of economists, who had predicted a 2.2 per cent expansion in a Bloomberg poll. It also marked the 11th consecutive month of growth.
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