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Singapore’s manufacturing output down by 4.8 per cent in March

Singapore’s manufacturing output down by 4.8 per cent in March

businessinsingapore

Singapore’s manufacturing output declined in March after a slight uptick the month before, according to data from the Singapore Economic Development Board (EDB).

Manufacturing output in March contracted 4.8 per cent on year, in line with a Reuters poll of 10 economists.

Production fell more than expected at 2.6 per cent on a month-on-month and seasonally adjusted basis. The median forecast was for a contraction of 1.8 per cent.