SINGAPORE'S industrial output fell 6.9 per cent in June, deepening from May's 2 per cent fall and marking the fourth straight month of year-on-year decline, according to preliminary estimates from the Singapore Economic Development Board on Friday. Read more at The Business Times.
Singapore's industrial output fell 6.9 per cent in June, deepening from May's 2 per cent fall and marking the fourth straight month of year-on-year decline, according to preliminary estimates from the Singapore Economic Development Board on Friday.SINGAPORE'S industrial output fell 6.
But services growth could be revised down as trade-oriented sectors likely worsened in June, they add. They expect a small upgrade for second-quarter gross domestic product growth to 0.2 per cent, up from the flash figure of 0.1 per cent. JP Morgan analyst Ong Sin Beng characterised the figures as otherwise"broadly stable":"Outside of tech and biomedical output, the overall production index has been stabilising, with a solid rise in precision engineering output."
Miscellaneous industries grew 0.9 per cent, while printing shrank fell 14.8 per cent. On a year-to-date basis, general manufacturing output was up 4.3 per cent from the year-ago period.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore factory output shrinks 6.9% in June, falling for 4th straight monthSINGAPORE'S industrial output fell 6.9 per cent in June, deepening from May's 2 per cent fall and marking the fourth straight month of year-on-year decline, according to preliminary estimates from the Singapore Economic Development Board on Friday. Read more at The Business Times.
Read more »
Daily Debrief: What Happened TodayDebrief: Singapore factory output shrinks 6.9% in June; falling for 4th straight month, Singapore private home prices up 1.5% in Q2 and more top stories at
Read more »
Mapletree Commercial Trust Q1 DPU up 3.6% to 2.31 S centsMAPLETREE Commercial Trust (MCT) on Thursday posted a 3.6 per cent year-on-year increase in distribution per unit (DPU) to 2.31 Singapore cents for the first quarter ended June 30. Read more at The Business Times.
Read more »
Cache Logistics Trust posts 6.9% drop in Q2 DPU to 1.321 S centsCACHE Logistics Trust posted a distribution per unit (DPU) of 1.321 Singapore cents for its second quarter ended June 30, down 6.9 per cent from 1.419 cents from the year-ago period, the real estate investment trust’s (Reit) manager said on Thursday morning. Read more at The Business Times.
Read more »
Suntec Reit Q2 DPU falls 4.6% to 2.361 S cents on lower convention revenueSUNTEC Real Estate Investment Trust (Suntec Reit) on Friday morning posted a 4.6 per cent drop in its distribution per unit (DPU) to 2.361 Singapore cents for the second quarter ended June 30, down from 2.474 cents in the year-ago period. Read more at The Business Times.
Read more »