Singapore's manufacturing sector will likely see a pickup this year with industrial production expected to post growth of 2.5%, UOB says in a note to clients.
Latest data shows that Singapore's industrial production fell for the 11th consecutive month in December, mainly due to weakness in the key electronics and marine transport sectors.
Output fell 7.9% year-over-year in December, compared with a revised 6.4% drop in November.
“We remain optimistic that there could be some pickup in manufacturing growth in 2016,” says UOB.
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Latest data shows that Singapore's industrial production fell for the 11th consecutive month in December, mainly due to weakness in the key electronics and marine transport sectors.
Output fell 7.9% year-over-year in December, compared with a revised 6.4% drop in November.
“We remain optimistic that there could be some pickup in manufacturing growth in 2016,” says UOB.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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