Slight slowdown in Singapore’s factory output may just be a blip, say economists

Quick Summary:

October’s PMI eased to 50.8 points, down from 51 points in September.

DBS economist Chua Han Teng said the data is “in line with the picture of a soft landing for the global economy”.

This is likely to have a major bearing on how Singapore’s manufacturing and exports fare in 2025, given how open the domestic economy is, they noted.

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Category: EconomyBusiness

Markets: SingaporeChinaIndiaIndonesiaJapanMalaysiaTaiwanThailandVietnam

Topics: Data Points Sector Likely Chua Driver Growth Manufacturing Slight Remain Electronics

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 21:01:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 650 words

Reading Time: 4 minutes read

Sentences: 30 lines

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Copyright Owner: © The Straits Times

News ID: 23370171

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