SINGAPORE (June 29): Economists expect Singapore’s manufacturing to weaken in the coming months, following the plunge in May’s factory output numbers. The metric fell 7.4% year-on-year, reversing into the red after two months of stellar growth.

See: Singapore's factory output falls into the red after two months of outstanding growth

RHB Securities’ economists attribute this to the circuit breaker measures which restricted the operations of non-essential services from April 7 to June 1. This in turn, “halted production and dampened demand,” they elaborate in a June 29 note.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook