Singapore to see seasonal lift in IP

The industrial production of Singapore posted negative growth rate of -4.7% and -7.1% in September and August respectively. The industrial production continued its negative trend in October also as it stood at -5.4% growth. On a month on month basis seasonally adjusted industrial production increased by 2.5%, because of better performance of non-electronics production. 

"The seasonal uplift in external demand ahead of the festive season appears relatively muted this year. Sluggish external demand for consumer electronics, coupled with excess inventories, will continue to weigh on electronics production in the near term", states Barclays.