Singapore’s industrial output declines in February
However, on a monthly basis, the country’s industrial output posted a seasonally adjusted increase of 4.1%, which beat economists’ initial estimates calling for an increase of 1.3%.
Among the main segments, production of biomedical products decreased 2.5% in February compared with the same month of 2014 while output in the electronics and transport engineering clusters were down 4.5% and 7.2%, respectively. Production for chemicals remained unchanged in February.
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