Singapore November industrial output surge is seen at six-month minimum

Singapore November industrial output surge is seen at six-month minimum

In November, Singapore's industrial output managed to expand at the slowest year-on-year tempo for six months, as a Reuters survey disclosed, showing a high base effect from 2016 and also indicating a tempering in fourth-quarter economic surge.

In November, the country’s manufacturing output tacked on 9% from 2016, according to the median estimate in a Reuters survey of 11 market experts, slowing from October's expansion of 14.6%.

It would be the slowest year-on-year leap since May, when industrial output surged 4.6%.

On a month-on-month as well as seasonally adjusted basis, manufacturing output is ascending 0.7% that would be the same as the surge pace observed in October.

During the third quarter, Singapore’s economy rallied 5.2% from 2016, which is the fastest tempo in almost four years, due to a boom in manufacturing, which some analysts tell will provoke tighter monetary policy next year.

 

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