Economic
Research
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27 October 2014
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Singapore
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Economic
Highlights
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Industrial
production contracted by 1.2% y-o-y in September, a reversal from +4.0% in
August and +3.0% in July. The decline was sharper than consensus expectation
of 0.8% contraction, indicating softer economic activities in late 3Q. The
decline in industrial production was due mainly to a reversal in biomedical
and electronics output into contractions in September, after recording
increases in the previous month.
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Monday, October 27, 2014
RHB | Singapore | Industrial Production Contracted, 3Q Economic Activity Will Likely Hold Up
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