Singapore's industrial production declined for the third straight month in December, largely due to a slump in the bio-medical manufacturing output, data from the Economic Development Board revealed on Thursday.Industrial production dropped 3.1 percent year-on-year in December, slower than the 3.8 percent fall in November. Economists had expected a fall of 6.9 percent.Excluding bio-medical manufac...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.