Analysts predict January industrial production to hit 9.3%

Thanks to healthier external front.

According to DBS, idustrial production for January due today will likely post a healthy showing of 9.3% YoY, up from 6.2% previously. Continued improvement on the external front will drive the expansion.

In fact, this is supported by the upside surprise in Jan13 PMIs. Overall manufacturing PMI reverted back to expansion
(50.5) after a brief dip into contraction territory (49.7) in December.

Here's more from DBS:

In addition, electronics PMI in the month staged a strong showing, posting a reading of 52.0, up from 50.1 previously.

Plainly, the fact that the spike up in PMIs coincides with the supposedly Chinese New Year lull does imply that companies are anticipating stronger orders beyond the festive season.

This was reinforced by the healthy upticks in the new orders and production indexes for both manufacturing and electronics sectors.

The increase in the inventory index also suggests some degree of restocking in anticipation of higher demand.

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit