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Singapore  |  JANUARY 26, 2016 5:49AM

S’pore’s Dec factory output drops 7.9%

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Singapore PortSingapore’s industrial production in December suffered its biggest slump in eight months, hurt by weak output in the electronics industry and the marine and offshore engineering sectors.

Manufacturing output shrank 7.9% from a year earlier in December, the biggest drop since April, data showed on Tuesday, weaker than the median 7% fall forecast in a Reuters survey.

On a month-on-month and seasonally adjusted basis, factory output rose 2% in December, better than the median forecast for a 1.2% rise.



 
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