Singapore’s Economic Development Board (EDB) revealed a downturn in the nation’s manufacturing output in its latest report released yesterday.

The data shows a 10.8% decrease in manufacturing output in May 2023 compared to the same period last year. 

This represents eight straight months of decline and has prompted economists to once again warn of a heightened risk of a technical recession.

What are the major concerns and silver linings - if any - stemming from this data?

On Money in the Market, Emaad Akhtar speaks to Song Seng Wun, Economist, CIMB Private Banking, to find out more.

Singapore’s Economic Development Board (EDB) revealed a downturn in the nation’s manufacturing output in its latest report released yesterday.
The data shows a 10.8% decrease in manufacturing output in May 2023 compared to the same period last year. 
This represents eight straight months of decline and has prompted economists to once again warn of a heightened risk of a technical recession.
What are the major concerns and silver linings - if any - stemming from this data?
On Money in the Market, Emaad Akhtar speaks to Song Seng Wun, Economist, CIMB Private Banking, to find out more.

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Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

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