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Singapore’s industrial output declines in February

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/03/2015 (12:05)
According to date released by Singapore’s Economic Development Board, the country’s industrial output declined in February. Industrial production fell 3.6% on the year in February after increasing 1.3% in January, posting the sharpest decline since June 2013. Economists’ initial estimates called for a decline of 2.2%.

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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