
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
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.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
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