Singapore: Manufacturing PMI resumed the downside in December – UOB – by pabspiovano Singapore PMI Manufacturing Banks
Key Takeaways
“Unsurprisingly, the electronics sector PMI remained in contraction territory and declined in greater magnitude as it slipped 0.3 point lower to 48.9 in Dec . This was the 5th consecutive contraction since Aug 2022, after two years of continuous expansion.”– We expect further downside to the PMIs in the first three months of 2023 and the weakness to extend at least another quarter . In our latest 4Q GDP report, we maintain our Singapore 2023 manufacturing forecast to contract by 5.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US: ISM Manufacturing PMI declines to 48.4 in December vs. 48.5 expectedUS: ISM Manufacturing PMI declines to 48.4 in December vs. 48.5 expected – by eren_fxstreet Manufacturing UnitedStates Macroeconomics EconomicIndicator
Weiterlesen »
Asian Stock Market: Recovers firmly as US Manufacturing PMI drops, oil witnesses carnageMarkets in the Asian domain have witnessed decent demand tracing the recovery in S&P500, recorded on Wednesday. The United States equity domain witnes
Weiterlesen »
Singapore: 2023 GDP forecast remains at 0.7% - UOBSenior Economist at UOB Group Alvin Liew comments on the recently published GDP figures in Singapore. Key Takeaways “The preliminary estimate of Singa
Weiterlesen »
EUR/USD expected to face solid support around 1.0510 – UOBUOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note EUR/USD should meet important support around the 1.0510 region in the nea
Weiterlesen »
NZD/USD faces a mixed outlook – UOBThe outlook for NZD/USD remains mixed and the pair could trade within the 0.6200 and 0.6380 for the time being, comment UOB Group’s Economist Lee Sue
Weiterlesen »
GBP/USD now faces some consolidation near term – UOBGBP/USD is now expected to navigate within the 1.1900-1.2150 range in the next weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist
Weiterlesen »