The Monetary Authority of Singapore (MAS), on the same day, revealed that bank lending numbers in October fell for the eighth consecutive month due to a continued drag in business loans.
On Nov 26, Singapore’s factory output reversed into the red with a 0.9% y-o-y contraction for the month of October.
See: Singapore's factory output reverses into the red with 0.9% dip in October
This was due to broad-based declines in the general manufacturing and transport engineering sectors, but was boosted slightly by strong demand for biomedical manufacturing.
Scroll to continue
Singapore Airlines (SIA) shares continued to register w-o-w growth with a 9.6% gain on vaccine hopes.
Read all the STI watch articles here.
See also: Analysts upbeat on Singapore recovery, while predicting a slowdown in growth momentum in 4Q
