Singapore's industrial production growth slowed to 1.2% in October, raising concerns for 2025.

Singapore's industrial production growth slowed to 1.2% in October, down sharply from September's 9%. Excluding biomedical manufacturing, growth was only 0.4%. Transport engineering and biomedical manufacturing saw gains of 10.9% and 7.8% respectively, while precision engineering and chemicals output dropped significantly. The slowdown is below economists' predictions and raises uncertainty for 2025, with concerns over potential tariffs and geopolitical tensions.

November 26, 2024
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