Singapore July factory output –3.6% on year, worse than expected
SINGAPORE (Aug 26): Singapore's industrial production in July unexpectedly shrank from a year earlier, as output falls in pharmaceuticals as well as marine and offshore engineering offset a rise in electronics, data showed on Friday.
Manufacturing output fell 3.6% from a year earlier in July, data from the Singapore Economic Development Board showed on Friday. The median forecast in a Reuters survey was for a rise of 0.9%.
On a month-on-month seasonally adjusted basis, factory output fell 4.0% in July, versus the median forecast of a contraction of 1.1%.
Tags: Singapore's industrial production - July - Economic Development Board - Reuters
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