Industrial production to remain in the red as global headwinds intensify

The headline number is pegged at -2.4%.

Singapore’s industrial production for December 2014 will remain in the red, on back of intensifying global headwinds, the post-festive season lull and the high base in the same period last year.

According to DBS, the headline number is expected to register -2.4% year-on-year. Overall manufacturing PMI also dipped into the contraction territory in december.

“Nothing in the external environment suggests an improvement in the industrial production output. While it is likely that there could be a temporary respite in manufacturing activities in January ahead of the lull period in February, the uptick will nevertheless be transient,” stated DBS.