Tuesday, June 30, 2015

RHB | Singapore | Singapore Industrial Production Likely To Have Troughed


Economic Research
29 June 2015
Singapore

Economic Highlights




Singapore’s industrial production index (IPI) declined at a slower pace of 2.3% y-o-y in May, improving from           -9.1% in April and -5.1% in March. Slower production of other transport equipment and chemicals & chemical products were offset by improvements in machinery & equipment and pharmaceutical and biological products output, which both fell by a slower rate compared to April. Excluding the volatile biomedical manufacturing sector, the IPI would have contracted at 2.2% y-o-y in May, unchanged from April.

Economist:  Ng Kee Chou | +603 92802179


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