February 24, 2017 / 5:15 AM / in 9 months

Singapore factory output grows less than expected in January

SINGAPORE (Reuters) - Singapore’s industrial production in January grew more slowly than expected due to a decline in biomedical manufacturing output, data showed on Friday.

A worker welds steel at a factory in the industrial zone of Jurong in western Singapore April 4, 2016. REUTERS/Edgar Su/File Photo

Manufacturing output in January rose 2.2 percent from a year earlier, data from the Singapore Economic Development Board showed, lower than the median forecast of 8.4 percent expansion in a Reuters survey. [nL4N1G7225]

Industrial production in January shrunk more than expected on a month-on-month and seasonally adjusted basis, at 6.0 percent. The poll’s median forecast was for a contraction of 2.6 percent.

In December, Singapore’s industrial production grew at the strongest pace in five years, jumping at a revised 22.1 percent from a year earlier as electronics output surged.

Reporting by Fathin Ungku; Editing by Richard Borsuk

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below