Singapore's industrial production declined for the fifth straight month in June at a faster-than-expected pace, preliminary figures from the Economic Development Board showed Friday.
Industrial production decreased notably by 4.4 percent year-over-year in June, much faster than economists' expectations for a 0.4 percent slight drop. In May, production had fallen 1.7 percent.
Excluding biomedical manufacturing, output dipped 5.3 percent annually in June.
Among components, output of the transport engineering cluster plunged 17.5 percent in June from the previous year and that for general manufacturing industries cluster contracted by 3.3 percent.
The precision engineering cluster's output slid 5.0 percent in June and output of the electronics cluster went down by 2.1 percent.
At the same time, output of the chemicals cluster grew 4.2 percent in June from a year ago, contributed by the specialties and other chemicals segments.
On a monthly basis, industrial production fell a seasonally adjusted 3.3 percent in June, confounding economists' expectations for a 1.7 percent climb. In May, output grew 2.5 percent from April.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.