SINGAPORE - Singapore’s industrial output fell slightly in December, as widely expected, although the decline was as not as steep as the previous month, data showed on Friday.
Manufacturing output in December fell 0.7% from a year earlier, data from the Singapore Economic Development Board showed, compared with a upwardly revised 8.9% decline in November. The median forecast in a Reuters poll predicted a 0.8% fall.
On a month-on-month and seasonally adjusted basis, industrial production rose 4.1% in December, after a upwardly revised 8.4% decrease in the previous month. The median forecast was for a 3.7% increase.
Pharmaceutical production increased 6.9% in December from a year earlier and precision engineering output rose 7.0%.
Electronics manufacturing rose 0.2%.
Reporting by Aradhana Aravindan in Singapore; Editing by Kim Coghill
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