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Singapore October Manufacturing Unexpectedly Falls 0.9% Year-On-Year, Misses Forecast

On a month-on-month and seasonally adjusted basis, industrial production fell 19.0% in October, data from the Singapore Economic Development Board showed.

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Singapore's industrial output unexpectedly declined 0.9% year-on-year in October, missing economists' forecasts, hurt by a plunge in transport engineering, official data showed on Thursday.

Economists had expected a 6.2% increase, according to the median in a Reuters poll.

On a month-on-month and seasonally adjusted basis, industrial production fell 19.0% in October, data from the Singapore Economic Development Board showed. Economists had expected a 11.9% contraction.

(Reuters)


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