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THE slowdown in Singapore's recent breakneck economic growth may
well be coming, but the volatile pharmaceuticals sector is doing
all it can to delay it.
Manufacturing output last month was surprisingly strong,
clocking 26.2 per cent growth from a year earlier to beat
economists' forecasts of 19 per cent - thanks in large part to
drugs output.
Economist said this means third quarter economic growth is
likely to beat the 10.3 per cent year-on-year government forecast -
to hit about 10.9 per cent.
The strong factory output also means the economy probably shrank
less than the official forecast of a 19.8 per cent contraction from
the second quarter.
Barclays Capital economist Leong Wai Ho said: 'The upside
surprise was driven by a sharp rebound in pharmaceuticals
production in September, after much lower levels of production in
August.'
Biomedical output, driven mainly by pharmaceutical drugs growth,
surged 47.5 per cent from a year earlier, reversing a 29.1 per cent
contraction in August.
Pool.... the above...shown.
Manufacturing is up on that report...not to worry as I told
right.
Bad news for taxi.
the reports.... than one by one will come...all good...
you see.
Strong SGD also not doing us any favour .
That caused :
(1.Manufacture sector to slow down .) Good
2.Tourism also slow down . (coming soon the report)
3.Import & export slow down .
4.Financial Sector slow down .
5.Cost of living goes up .
6.Less business people flying in .
7.Share market turned bearish ...... this is all i can think of
.
etc.......
