Singapore: Industrial Production expanded above estimates in December – UOB – by pabspiovano Singapore IndustrialProduction Banks
Key Takeaways
“The Dec IP was dragged by weaker biomedical, chemicals, precision engineering and general manufacturing, negating the continued gains in transport and a surprise rebound of electronics output. Indeed, electronics staged a surprise 4.6% y/y rebound, thanks to the key sub-segments of infocomms & consumer electronics and computer peripherals & data storage, while its most essential sub-segment, semiconductors, recorded a much smaller -0.3% y/y fall compared to -14.0% in Nov.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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