Singapore's Manufacturing Output Growth Slows Sharply in September
MT Newswires
2 hours ago
Singapore's manufacturing output increased 3.4% year on year in September, a sharp slowdown from a 15.4% increase in the prior month, according to data released by the Singapore Economic Development Board Monday.
The growth widely missed the Trading Economics consensus forecast of a 12.5% rise to mark the weakest expansion in the current 13-month growth streak.
Manufacturing output fell 3.9% on a month-on-month basis, further decelerating from the 1% decrease previously. It also missed the Trading Economics consensus forecast of a 2% growth.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.