58320
Singapore Manufacturing Up 21%
Singapore Manufacturing Up 21%

Singapore Manufacturing Up 21%

Singapore Manufacturing Up 21%

Some segments of the Singapore economy are finally beginning to look brighter this year but it seems the labor market has yet to receive the memo, NewsNow reported. After a protracted period of declining growth, Singapore manufacturers finally appear to have reached the end of the tunnel. Manufacturing output grew at the fastest rate in five years in December, according to Economic Development Board data out on Thursday. The data showed factory output surged 21.3% in December over the same month a year ago, double economists’ expectations of 10.4% growth and the strongest showing since December 2011. This momentum is expected to continue amid a firmer global outlook, and the data has prompted some economists to pencil in more optimistic forecasts for the Singapore economy this year. The manufacturing numbers reinforced upbeat export data out Jan 17—non-oil domestic exports expanded 9.4% in December over the same month a year earlier, following a strong 11.5% reading in November. It surprised economists who had expected a more modest uptick.

Short URL : https://goo.gl/s7N1zA
  1. https://goo.gl/IOZqx8
  • https://goo.gl/nQjqge
  • https://goo.gl/XD8WJI
  • https://goo.gl/8c1vN9
  • https://goo.gl/BeYWzh

You can also read ...

The expected increase in the squeeze on living standards comes as the weak pound pushes up the cost of imported  fuel, food and raw materials.
All eyes will turn Tuesday to Britain’s consumer price index...
The eurozone economy has enjoyed a surprisingly strong 2017.
Exports of goods from the eurozone jumped in August,...
Increase in China Factory Price Inflation
China’s factory price inflation rose again in September,...
World Bank says another $500 billion in infrastructure spending is needed over the next five years.
Indonesia is on track to become a trillion-dollar economy and...
Russia FDI Almost Doubles
The volume of foreign direct investment has almost doubled in...
Japan Factory Output Up
Japan’s industrial production increased less than initially...
Bulgaria Risks Higher Inflation
Real wage growth in Bulgaria has been exceeding productivity...
Venezuela Needs $30b a Year to Rescue Economy
The International Monetary Fund calculates a potential rescue...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus