Staff Reporter
,
Singapore
Demand is getting weaker.
Electronic exports have been declining for the last 23 months, and the recent “firm specific” disruption to production is adding salt into the wound, a report by DBS says.
The 4.6% contraction of non-oil domestic export (NODX) performance is the culprit for a disappointing performance in June’s industrial production.
External headwinds and domestic structural drag sandwich the manufacturing sector, especially with domestic restructuring further compounding the woes with a resulting labour crunch.
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