Unexpected bad April nos. for S’pore, Thailand: M’sia to follow

In Economy on 28/05/2012 at 7:09 am

On Friday, the Economic Development Board (EDB) said April’s manufacturing output shrank 0.3%  from a year ago, after a revised 3.1% drop in March.

This poor showing surprised economists, whose consensus forecast was for manufacturing to grow 4.1%  and could not be blamed entirely on the 7.6%  fall in volatile pharmaceuticals output. The poor showing is because of falling demand from key markets such as Europe and the US especially for electronics.

Thailand has reported a surprise fall in its exports for April because of falling demand from key markets such as Europe and the US. Shipments fell 3.7% from a year earlier. Many analysts had forecast an increase of more than 3% Remember that Thailand has replaced S’pore as the world’s manufacturing hub for hard disks.

Expect weak manufacturing numbers for M’sia.  It too is a big manufacturer of electronics for export. And Najib is planning an election later this yr.

  1. If Asia is down with export market it will suffer a ecomical downturn. So better be prepared for it as it comes. Hope Singapore is not severely affected as it depends much on export market.

  2. It will affect the pockets of manufacturers for sure.. and investors.

    But I assure you, it will not be visible to the public. Our economy now runs on MBS,RWS and Orchard road. The trains will remain packed, the airport crowded, causeway jamed.

    Tan Tock Seng, SGH will remain packed too…people will not understand these numbers until they see show rooms are empty and Ngee Ann City is easy to get seats at Crystal jade, on a weekend evening.

    And, that will never happen because there is more than 6 trillion dollars floating around looking for a parking lot.

    At the slightest sign of Greece agreeing to austerity… the markets will jump a mile high.
    Its Election year in USA and KUL.. its PAP trying to be a good daddy.. the key word is”pump it “

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