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Singapore's factory output reverses into the red with 0.9% dip in October

Amala Balakrishner
Amala Balakrishner11/26/2020 01:37 PM GMT+08  • 4 min read
Singapore's factory output reverses into the red with 0.9% dip in October
Singapore’s factory output hit by broad-based declines in October
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Singapore’s factory output reversed into the red with a 0.9% year-on-year in October, following broad based contractions in sectors such as general manufacturing and transport engineering.

This is poorer than the 7.3% growth expected by economists.

A further decline was mitigated by stronger demand for the biomedical manufacturing. Excluding the cluster, the drop in output widened to 2.7%, according to data released by the Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry (MTI).

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