Industrial production may have jumped to 14.2% in August

Electronic production should remain in the doldrums given the weakening demand for the US semiconductor industry.

Standard Chartered says the stronger rise in industrial production will mainly be due to the pharmaceuticals base effect.

Here’s more from Standard Chartered:

On Monday 26 September, the Economic Development Board will announce August industrial production numbers. Pharmaceuticals will again feature significantly in the y/y headline figure due to the very low base in August 2010, when pharmaceutical production contracted by 32% m/m. This time around, assuming flat m/m growth in pharmaceutical production, this would still translate to an increase of almost 17% y/y.

Meanwhile, electronic production should remain in the doldrums given the continued decline in the US semiconductor book-to-bill ratio, which fell to 0.86 in July 2011 (the 10th consecutive month where the index stayed below 1.0). On balance, we forecast a headline print of 14.2% y/y. While this number would be a strong rise from July‟s 7.4% y/y, it is largely on the back of the pharmaceuticals base effect. Importantly, ex bio, industrial production should contract by about 5.8% y/y, while we expect headline industrial production (seasonally adjusted) to have turned negative in August on a m/m basis.

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