pemstrongExpert says the manufacturing sector could remain downbeat for the rest of the year./strong/em/p pGiven weak external demand and tight financial conditions stemming from an elevated interest rate environment, an expert from UOB believes that Singapore’s industrial production will contract by 7.0% in 2023.
Given weak external demand and tight financial conditions stemming from an elevated interest rate environment, an expert from UOB believes that Singapore’s industrial production will contract by 7.0% in 2023.
Liew, however, underscored that IP in regional electronics and/or semiconductor powerhouses like South Korea and Taiwan continue to see improvement. Whilst Liew expects Singapore’s IP print to contract by 7.0 in 2023, he underscored that there's a possibility that the contraction could be shallower.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LTA: Jurong Town Hall Bus Interchange opens in November 2023JTHBI has been thoughtfully designed to cater to families with young children, seniors, and individuals with mobility challenges
Read more »
Just opened November 2023: New restaurants, cafes and bars this monthInfusing fresh new offerings to Singapore's vibrant dining scene, November unveils speciality pop-ups, new homes, and 'first-of-thier-kind-in-Singapore' just in time for convivial gatherings and relaxing nights out. Come with us as we explore new restaurants, cafes and bars in Singapore this month. [embed]https://www.instagram.
Read more »
HDB BTO December 2023 launch: Locations, expected prices, application rates and moreWas 2023 supposed to be your year to finally get a Built-To-Order (BTO) flat? Listen up, because before the HDB BTO 2024 season is upon us, your last chance in 2023 is almost here! The Dec 2023 HDB BTO sales launch will end the year with a bang. We're seeing a total of eight projects this time around — Bedok,...
Read more »
Increased COE quota for Category A, B, and C from Nov 2023 to Jan 2024Looking ahead, the COE quota for Categories A, B, and C is expected to continue its upward trajectory in 2024
Read more »
What to expect at Singapore's first board sports and music festivalThe inaugural Trifecta Music Festival, Singapore's first board sports and music festival, will be held from Nov 18-19, 2023 along Orchard Road.
Read more »