Singapore's PMIs for January will add more salt to wound. The headline is likely to remain below the crucial 50 level, which shows that the manufacturing sector is still in contraction mode. This will be the seventh cons…
Singapore's PMIs for January will add more salt to wound. The headline is likely to remain below the crucial 50 level, which shows that the manufacturing sector is still in contraction mode. This will be the seventh consecutive months of decline and will add on to an already dire streak poor data. But this shouldn't come as a surprise.
The PMIs of most key markets have remained stuck in the contraction territory while the US SEMI book-to-bill ratio is reflecting a down-cycle in the electronics industry. The global demand remains weak amid a challenging external environment. Such phenomenon has already been manifested in disappointing export and industrial production figures in recent months.
Although historically manufacturers will front-load their orders ahead of the Lunar New Year, chance is high than this festive season will be a relatively quiet one. The cold spell that hit many parts of Asia will likely dampen consumer spending as well as industrial activity. This will have a knock-on impact on Singapore's PMIs within these few months.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
