Singapore manufacturing down as demand drops
Singapore - Singapore's October manufacturing output declined 12.6 per cent compared with the same month last year due to a drop in regional demand, the Singapore Economic Development Board said Wednesday.
The export-oriented petroleum, petrochemical, precision engineering, consumer electronics and semi-conductor industries reported a drop in demand, it said.
The transport engineering, marine & offshore engineering and aerospace segments reported growth in demand, including ongoing contracts.
On a seasonally adjusted month-on-month basis, October output shrank 12.7 per cent over September, the board said.
Cumulative manufacturing output for the first 10 months of the year dipped 2.9 per cent compared with the same period last year. (dpa)