Economists told The Straits Times that Singapore's manufacturing recovery may stay on track despite the economic and geopolitical risks to global trade.
With the smaller rise in electronics production, total output grew 9.8 per cent from a year ago, down from the revised 22 per cent jump in August, data from the Economic Development Board (EDB) on Oct 25 showed.
Excluding the volatile biomedical manufacturing, factory output rose 4.5 per cent.
On a seasonally adjusted month-on-month basis, output was largely unchanged from August. Excluding biomedical manufacturing, it dropped 7.6 per cent.
UOB associate economist Jester Koh called September's growth "remarkably resilient" and said it might mean an upward revision to Singapore's gross domestic product for the third quarter of the year.
Meanwhile, Maybank analysts Chua Hak Bin and Brian Lee said the electronics recovery might remain intact despite the slower output growth in September.
"That said, there are risks to Singapore's export and manufacturing recovery on the horizon. These include more tariff barriers and a bigger US-China trade war (which could ensue from a Trump election win in November), an escalation of geopolitical conflicts in the Middle East, and a United States economic slowdown," they said.
This story is from the October 26, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 26, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Japan's True Blue Tradition
Call it an antidote to fast fashion. Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, then sold at a premium to global denim connoisseurs.
6 easy dishes to pack for lunch
Nutritionists and food content creators suggest these healthy and convenient recipes
Don't cross Culinary Class Wars star Anh Sung-jae of three-Michelin-starred Mosu
On an early episode of Netflix's hit reality cooking show Culinary Class Wars (2024), chef Anh Sung-jae stood in a warehouse filled with makeshift cooking stations and considered the plate in front of him: a rainbow palette of handmade pastas, purees and delicately cooked seafood. On top was a smattering of flower petals.
Emerald Hill to make Netflix debut
Emerald Hill looks set to be the must-watch local blockbuster series of 2025.
Refreshed museums in SG60 arts
A timely slate of refreshed spaces and new programmes at Singapore's arts and cultural institutions will be launched in 2025, wooing audiences with a different Singapore story as the nation gears up to mark 60 years of independence.
Going casual to woo fickle diners
Serious artwork on the wall. Bespoke crockery on cloth-covered tables. A fine wine list. Eye-watering menu prices. Just don't call it a fine-dining restaurant.
Smartwatches Make Healthcare Smarter
From tracking heart rate to steps taken to sleep quality, smartwatches and fitness trackers can generate biometric data about the people using them.
Quality, not quantity, rules the superhero game
In 2025, the big studios are rolling up their sleeves to tackle a disease plaguing the box office – superhero fatigue.
Big-name musicals to hit the stage
Soothing melodies and soaring high notes are set to fill the air, as the coming year brings along a host of musicals to the Lion City.
Celebrating design with SG60, new hotels and theme parks
Architecture and urban design take centre stage in 2025, with marquee events such as a year-long celebration of Singapore's 60th year of independence (SG60) and launches of Sentosa attractions to enhance the destination's \"islander allure\".
