empty
 
 

2019.08.2602:03:00UTC+00Singapore Industrial Production Falls Less Than Forecast

Singapore's industrial production declined at a slower-than-expected rate in July, data from the Economic Development Board showed on Monday.

Manufacturing output dropped 0.4 percent year-on-year in July, following an 8.1 percent fall in June. Economists had expected a 4.9 percent decline.

On a month-on-month basis, manufacturing output increased a seasonally adjusted 3.6 percent in July, after a 0.3 percent decrease in the previous month. Economists had expected a fall of 2.8 percent.

Excluding bio-medical manufacturing, output fell 0.7 percent from a year ago but rose 9.4 percent from the previous month.

The general manufacturing, biomedical manufacturing and chemicals logged output growth, while the rest of the manufacturing clusters contracted from last year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback