Singapore's industrial production contracted for the first time in eight months in February, preliminary data from the Economic Development Board revealed on Wednesday.
Industrial production dropped 1.3 percent year-on-year in February, reversing an 8.0 percent sharp growth in January. Meanwhile, economists had expected a further growth of 7.5 percent.
Excluding biomedical manufacturing, industrial production rose only 0.3 percent annually in February versus a 6.0 percent increase in the prior month.
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