Friday, December 26, 2014

SGX Singapore News Update : Epic Research Singapore

Singapore's manufacturing output fell in November as most major sectors dragged and a tepid rise in the production of electronics failed to offset the decline.

Output fell 2.8% on year in November, according to preliminary figures released by the government on Friday. That compared with the revised 0.2% contraction in October. Preliminary October data released last month had shown a 0.2% on year rise.

Excluding biomedical manufacturing, output declined 3.1% in November, compared with a 4.7% contraction in the previous month.

Measured on-month on a seasonally-adjusted basis, manufacturing output fell 1.4%, compared with a revised 2.3% expansion in October.

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