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Singapore manufacturing falls 0.9% in October, misses forecast

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SINGAPORE: Singapore's industrial output declined 0.9 per cent year-on-year in October, missing economists' forecasts, hurt by a plunge in transport engineering, official data showed on Thursday (Nov 26).
Economists had expected a 6.2 per cent increase, according to the median in a Reuters poll.
AdvertisementAdvertisementOn a month-on-month and seasonally adjusted basis, industrial production fell 19 per cent in October, data from the Singapore Economic Development Board showed. Economists had expected an 11.9 per cent contraction.
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