Plus   Neg

Singapore Industrial Production Falls In May

Singapore industrial production declined in May after rising in the previous month, data from the Economic Development Board showed on Wednesday.

Manufacturing output dropped 2.4 percent year-on-year in May, after a 0.1 percent rise in April. Economists had expected a fall of 1.8 percent.

On a month-on-month basis, manufacturing output decreased a seasonally adjusted 0.7 percent in May, after a 2.1 percent increase in the previous month. Economists had expected a 1.7 percent fall.

Excluding bio-medical manufacturing, output fell 4.9 percent from a year ago and declined 2.6 percent from the previous month.

The biomedical manufacturing, general manufacturing and transport engineering logged output growth, while the rest of the manufacturing clusters contracted.

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.

Follow RTT