26 May '11, 10am

#Singapore manufacturing output drops by 9.5% - Straits Times

Manufacturing output in Singapore has fallen for the first time in 17 months, signalling that the economy is likely to go through a soft patch in the months ahead. -- ST PHOTO: AIDAH RAUF MANUFACTURING output in Singapore has fallen for the first time in 17 months, signalling that the economy is likely to go through a soft patch in the months ahead. Factory production slid 9.5 per cent last month compared to April last year, a much sharper fall than the 3.5 per cent decline that economists had predicted. Economists blamed the Japan earthquake, which affected the supply chain to the region, as well as the stronger Singapore dollar and higher foreign worker levies for the steep dropoff in output. Except for a bright spot in precision engineering, which grew 29.1 per cent, factory output in most of the other manufacturing sectors fell. Biomedical manufacturing dropped the har...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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