RHB | Singapore | Industrial Production Grew At Higher Pace, Economic Growth Will Likely Be Stronger

Economic Research	29 September 2014
Singapore
Economic Highlights
Industrial Production Grew At Higher Pace, Economic Growth Will Likely Be Stronger ¨ Industrial production strengthened to 4.2% y-o-y in August, from a revised +3.0% in July and +0.7% in June. This was due mainly to a rebound in the electronics production and smaller drops in transport engineering and general manufacturing production. ¨ A slowdown in biomedical manufacturing, chemicals and precision engineering production, however, offset part of the gain. The slower biomedical output, which is usually volatile, was due to slower pharmaceutical production. For chemicals and precision engineering production, it was due to slower growth on petrochemicals and handling equipment. Economist:  Singapore Research  | +65 6533 0781