RHB | Singapore | Singapore Industrial Production Likely To Have Troughed

Economic Research	29 June 2015
Singapore
Economic Highlights
Singapore Industrial Production Likely To Have Troughed 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
To access our recent reports please click on the links below: 23 June 2015: Consumer Prices Slow Decline, But Core CPI A Cause For Concern   04 February 2015 :Money Supply Softened During 2014, But likely Gain Pace In 2015 27 January 2015: Industrial Production Inched Up in 2014, Outlook Envisaged To Improve In 2015