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 ...

Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Germany to Push for Free Trade at G20
Germany’s new Finance Minister Olaf Scholz warned on Sunday...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...

Add new comment

Read our comment policy before posting your viewpoints