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 manufacturing, industrial production rebounded 0.3 percent annually in December, following a 5.8 percent fall in the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.