News dalla rete ITA

28 Settembre 2022

Singapore

SINGAPORE'S MANUFACTURING OUTPUT MODERATES FURTHER TO 0.5% IN AUGUST

Singapore’s manufacturing output increased by 0.5% y-o-y in August, moderating from the 2.2% growth seen in June and the 0.6% growth in July.   Despite the figure, which marked the slowest y-o-y growth since September 2021, August’s figure marks an improvement in m-o-m terms after two straight months of contraction. The y-o-y growth also surprised Bloomberg’s forecast for a 0.7% contraction print.   The main drags during the month were due to the electronics and chemical clusters, which registered y-o-y declines of 7.8% and 11.2% respectively. These were mitigated by the y-o-y growths seen in the rest of the clusters.   Excluding biomedical manufacturing, August’s output fell by 1.2% y-o-y.   On a seasonally adjusted m-o-m basis, manufacturing output grew by 2.0%. Output, however, declined 2.9% m-o-m excluding biomedical manufacturing.   https://www.theedgesingapore.com/news/singapore-economy/singapores-manufacturing-output-moderates-further-05-august (ICE SINGAPORE)


Fonte notizia: The Edge Singapore, 26 Sept 2022