Singapore's industrial production increased at a slower-than-expected pace in January, figures from the Economic Development Board showed Friday.
Industrial production rose 2.2 percent year-over-year in January, much slower than the 9.5 percent surge expected by economists.
That was also well below the 22.2 percent jump in December. However, this marked the sixth successive monthly rise.
Excluding biomedical manufacturing, output expanded 7.0 percent.
Among components, the precision engineering, electronics and chemicals clusters logged increase in output, while the remaining clusters reported declines in January.
Month-on-month, industrial production dipped 6.0 percent from December, when it grew by 6.7 percent. Economists had expected a 2.5 percent fall for the month. It was the first decrease in six months.
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