Senior Economist at UOB Group Alvin Liew reviews the latest Industrial Production figures in Singapore. Key Takeaways Singapore’s Jul industrial produ
Senior Economist at UOB Group Alvin Liew reviews the latest Industrial Production figures in Singapore.Singapore’s Jul industrial production contracted by markedly less than forecast although that was somewhat offset by Jun’s contraction which was revised deeper. IP contracted by just -0.9% y/y in Jul, better than Bloomberg’s median forecast of -3.8% y/y and our less bearish forecast of -3.6% y/y. However, the Jun IP contraction was revised to a steeper 6.6% y/y .
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.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Could We Transform America Into a Science-Industrial Complex?America and the rest of the world are on the verge of a new era, where modern medicine and tech will dominate our daily lives.
Read more »
Alliance members vote for industrial action at ChevronUS energy major Chevron is facing industrial action with Offshore Alliance members at the company’s Western Australian gas facilities issuing a notice of intention to take protected industrial action. Offshore Alliance members at Gorgon, Wheatstone Downstream and Wheatstone Platform have each voted nearly unanimously in favour of over twenty types of industrial action, including numerous work bans and complete stoppages of work.
Read more »
Over 1,600 new apartments planned for long neglected industrial embankment in KensingtonFormerly industrial land around the railway tracks north of Lehigh Avenue has become a hot commodity in recent years, as developers try to build big projects on the edge of Kensington.
Read more »
Border encounters spiked in July after two-month decline; Tucson hit hardMigrant encounters at the southwest border surged in July, reversing two months of declining numbers but still well below previous highs posted earlier in this fiscal year.
Read more »
Australia’s Retail Sales jump 0.5% MoM in July vs. 0.3% expectedAustralia’s Retail Sales, a measure of the country’s consumer spending, jumped 0.5% in July on a monthly basis when compared to the expected 0.3% incr
Read more »
Australia retail sales rise more than expected in July By Investing.comAustralia retail sales rise more than expected in July
Read more »