Manufacturing growth up 28.2% in 2010

After falling -18.9% qoq in Q3, the manufacturing growth rebounded on a qoq basis.

OCBC said, coupled with inflationary risks seen in the region, this strength in the economy may encourage further monetary policy tightening from the authorities although they would not rule out the authorities from upholding a wait-and-see approach at this juncture given the still cloudy outlook on the global economy.

The authorities are likely to keep their focus on how things pan out in the early part of this year.

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