Singapore's industrial production growth moderated more than expected in December, preliminary data from the Economic Development Board revealed on Monday.
Industrial production advanced 8.3 percent year-on-year in December, much slower than the 18.2 percent surge in November. The expected increase was 10.1 percent. Further, this was the weakest growth since the rising trend began in September.
Excluding biomedical manufacturing, industrial production advanced 16.0 percent annually in December versus a 9.1 percent increase in the prior month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.