Chart of the Day: Holiday bugs distorted manufacturing sector's output

It dropped by 16.6%.

According to CIMB, YoY, Feb 13’s MPI (manufacturing production index) declined a worse-than-expected 16.6% thanks to a combination of an unfavourable base and the timing of the Lunar New Year festivities.

That the biggest yoy decline since Mar 09’s -32.2%, and outside estimate of -14.0% yoy, and well below consensus’s -7.9% yoy.

Here's more from CIMB:

The shift in the CNY festivities and the volatility of drug output make it hard to forecast Feb MPI, as illustrated by the wide range of forecasts (-17.6% yoy to +0.5% yoy).

Holiday-related distortions caused output from all key manufacturing cluster to decline on yoy basis. Tech plunged 21.1% yoy, the most since Jan 12’s -28.4% yoy while a 20.3% fall in drugs caused biomed output to contract 18.0% yoy.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia