Output for S’pore electronics and non-electronics diverge a second month

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The Straits Times 2d ago

Output for S’pore electronics and non-electronics diverge a second month - The Straits Times

Quick Summary:

Deviation could be due to challenges linked to rerouting of vessels, port congestion.

Mr Chua was optimistic about the improving external demand for electronics, with an upturn in the global tech cycle likely to be underpinned by the replacement of smartphones and PCs, as well as from the increasing ubiquity of artificial intelligence (AI) applications.

OCBC chief economist Selena Ling noted: “Some segments within manufacturing could also be feeling the heat, such as pharmaceuticals that have not been performing well recently, according to the output data.