Singapore's factory output falls for third consecutive month in July
26 Aug 2020, 01:30 pm
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SINGAPORE (Aug 26): Singapore’s factory output remained in the red with an 8.4% year-on-year contraction in July, following broad based contraction in all sectors. This marks the metric’s third straight month of decline.

Excluding the biomedical cluster, the decline in output narrowed to 5.2%, according to data released by the Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry (MTI).

The latest decline surpasses the 6.7% contraction staged in June and May’s 7.4% plunge, or what was deemed the republic’s worst year-on-year performance on record since 1983 ... (click on link for full story on theedgesingapore.com).

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