Chart of the Day: Holiday bugs distorted manufacturing sector's output

It dropped by 16.6%.

According to CIMB, YoY, Feb 13’s MPI (manufacturing production index) declined a worse-than-expected 16.6% thanks to a combination of an unfavourable base and the timing of the Lunar New Year festivities.

That the biggest yoy decline since Mar 09’s -32.2%, and outside estimate of -14.0% yoy, and well below consensus’s -7.9% yoy.

Here's more from CIMB:

The shift in the CNY festivities and the volatility of drug output make it hard to forecast Feb MPI, as illustrated by the wide range of forecasts (-17.6% yoy to +0.5% yoy).

Holiday-related distortions caused output from all key manufacturing cluster to decline on yoy basis. Tech plunged 21.1% yoy, the most since Jan 12’s -28.4% yoy while a 20.3% fall in drugs caused biomed output to contract 18.0% yoy.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia