News
ECONOMY | Staff Reporter, Singapore
view(s)

Is the manufacturing rally coming to an end?

DBS' Singapore economists are saying so.

According to analysts from DBS Group Research, there are growing signs that the manufacturing rally could be coming to an end.

This came as readings for purchasing managers' index (PMI) in the US, China and Singapore, and recent non-oil domestic exports figures have all fallen in the latest April data set, with only the electronics cluster reporting a fairly resilient output.

"Even so, a high base comparison in 4Q16 means headline growth will dip towards the end of the year," the analysts said.

Meanwhile, the services sector is experiencing a two-speed recovery with financial and trade-related services expected to improve while recovery should be weaker for domestic services clusters such as retail and F&B. 

However, economic growth remains positive given the 2.8% improvement expected for this year.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.