Singapore's industrial output underperforms in March
Singapore's industrial performance fell below expectations in March but analysts remain optimistic about the outlook ahead. Output fell 9.2 per cent on-year, more than the 1.5 per cent drop economists had forecast. This also reversed February's 4.4 per cent growth. Observers say growth in key trading partners like the US and China will likely bolster Singapore's manufacturing later this year.
Singapore's industrial performance fell below expectations in March but analysts remain optimistic about the outlook ahead. Output fell 9.2 per cent on-year, more than the 1.5 per cent drop economists had forecast. This also reversed February's 4.4 per cent growth. Observers say growth in key trading partners like the US and China will likely bolster Singapore's manufacturing later this year.
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