Free Trial

Industrial Production Unlikely To Result In GDP Revision

SGD

Industrial production rose 27.5% in June against estimates of a 25.9% gain and compared to revised 27.0% in May, the M/M figure fell 3.0% against expectations of a 0.1% rise. The Y/Y print denotes the eighth straight month of growth, the figure was bolstered by strong exports, biomedical and electronics continue to be strong subcomponents.

  • The advance Q2 GDP reading printed 14.3%, final Q2 GDP data will be released later in August and the industrial production figures do little to change expectations.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.