Singapore December Industrial Production (I.P) dropped 7.9 percent y/y, in line with the consensus of -7.2 percent, while November's IP was revised down to -6.4% from -5.5%. Seasonally adjustment M/M gained 2 percent, re…
Singapore December Industrial Production (I.P) dropped 7.9 percent y/y, in line with the consensus of -7.2 percent, while November's IP was revised down to -6.4% from -5.5%. Seasonally adjustment M/M gained 2 percent, reversing November's contraction of 3.8 percent.
Weak performance in the electronics and transport sectors resulted in the decline of December's Industrial Production YoY print. Slow production in electronics sector was expected, as the growth in external demand around festive season was more subdued than usual.
"All said, today's release suggests the persistent manufacturing drag is likely to weigh on the upcoming final Q4 GDP release. We maintain our forecast and expect a downward revision in Q4 GDP from 5.7% q/q saar to 3.4%, and expect the full-year GDP to grow 2.0% y/y" - Barclays
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…
