RHB | Singapore | Industrial Production Starts 2H On The Back-Foot As Its Two Largest Sectors Struggle

Economic Research	27 August 2015
Singapore
Economic Highlights
Industrial Production Starts 2H On The Back-Foot As Its Two Largest Sectors Struggle Singapore’s industrial production index (IPI) slumped 6.1% y-o-y in July, deteriorating from a 4.0% drop in June. This was on account of a decline in electronics and biomedical manufacturing output. The fall was cushioned by a slower decline in transport engineering activities, while production of chemicals stagnated. Excluding the volatile biomedical manufacturing sector, the IPI would have contracted at 4.1% y-o-y in July, compared to -4.8% in June. Economist:  Ng Kee Chou | +603 92802179
To access our recent reports please click on the links below: 25 August 2015:Consumer Prices Slip, Uneven Global Demand Outlook Increases Pressure For Further Easing 18 August 2015: Singapore NODX Recovery Unable To Gain Traction, As Global Recovery Remains Slow And Uneven 12 August 2015: Slight Upward Revision For Singapore’s 2Q GDP But Manufacturing Worries Mount 02 August 2015: Broad Money Slows While Loan Growth Turn Positive 27 July 2015: Industrial Production Plunge Highlights Slower Than Expected Recovery