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Singapore's factory output plunges as trade war pain deepens

Bloomberg
Bloomberg9/26/2019 03:30 PM GMT+08  • 2 min read
Singapore's factory output plunges as trade war pain deepens
SINGAPORE (Sept 26): Singapore’s factory output plunged in August by the most in almost four years, a sign that the city state’s manufacturing downturn could be deepening.
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SINGAPORE (Sept 26): Singapore’s factory output plunged in August by the most in almost four years, a sign that the city state’s manufacturing downturn could be deepening.

Industrial production dropped 8% from a year earlier, the weakest since December 2015 and worse than all the forecasts in a Bloomberg survey of economists. It shrank 7.5% on a seasonally adjusted monthly basis, the Economic Development Board said in a statement Thursday.

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