Singapore Sept factory output falls 0.2% y-o-y, misses forecasts

SINGAPORE (Oct 26): Singapore's industrial production unexpectedly fell in September from the year earlier as manufacturing in the electronics and pharmaceutical sectors took a dip, data showed on Friday.

Manufacturing output in September fell 0.2% from a year earlier, data from the Singapore Economic Development Board showed, contracting from the revised 3.7% growth seen in August and missing the median forecast in a Reuters survey which predicted a 3.5% expansion.

On a month-on-month and seasonally adjusted basis, industrial production fell further at 4.9% in September, from the 2.2 contraction the month before and below the median forecast calling for a contraction of 2%.

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