Asian Economic News
FONT-SIZE Plus   Neg
Share SHARE

Singapore Industrial Output Falls Less Than Expected

Singapore's industrial production declined less than expected in March, data from the Economic Development Board showed Thursday.

Industrial output fell 3.4 percent from a year ago in March, compared expectations for a 5.8 decline. Excluding biomedical manufacturing, output contracted at a similar rate of 3.4 percent.

Month-on-month, industrial production logged a surprise growth of 2.7 percent after adjusting to seasonal variations. Economists were looking for a 1.4 percent decline. Excluding biomedical manufacturing, industrial output increased 2.9 percent month-on-month.

Annually, manufacturing production grew 4.1 percent in March. Meanwhile, production in biomedical manufacturing fell 3.3 percent.

The chemicals cluster contracted 4.7 percent year-on-year and output of the electronics cluster was 15.9 percent lower compared to a year ago.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

comments powered by Disqus