Singapore’s industrial production index (IPI) rose 0.1% y-o-y in August, stabilising from a 3.5% tumble the month before. The recovery was largely aided by a low base effect from 2015.

Economic Research	27 September 2016
Singapore
Economic Highlights
August IPI Inched Higher From Low 2015 Base Singapore’s industrial production index (IPI) rose 0.1% y-o-y in August, stabilising from a 3.5% tumble the month before. The recovery was largely aided by a low base effect from 2015. The precision engineering cluster surged 11.6% y-o-y, from a 4.9% fall the month before, and as transport engineering output shrank at a slower pace. However, electronics output growth eased significantly from July, capping some of the upside. We revise our projection for the IPI to contract 0.2% in 2016, from -1.5% earlier, having overestimated the effect of Brexit on external demand. Economist:  Ng Kee Chou | +603 92802179
To access our recent reports please click on the links below: 26 September  2016: Smaller Fall In August CPI As Road Tax Rebate Expires 19 September  2016: Not A Clean Bill Of Health 01 September  2016: Singapore’s Business Loans Extend Decline In July 29 August  2016: July IPI Slumped On Broad-based Weakness 24 August  2016: Inflation Stays Negative In July 18 August  2016: July NODX Slump Deepened On Broad-based Weaknesses