Singapore factory output grows less than expected in January

Reuters  |  SINGAPORE 

(Reuters) - Singapore's industrial production in January grew more slowly than expected due to a decline in biomedical output, data showed on Friday.

output in January rose 2.2 percent from a year earlier, data from the Economic Development Board showed, lower than the median forecast of 8.4 percent expansion in a survey. [nL4N1G7225]

Industrial production in January shrunk more than expected on a month-on-month and seasonally adjusted basis, at 6.0 percent. The poll's median forecast was for a contraction of 2.6 percent.

In December, Singapore's industrial production grew at the strongest pace in five years, jumping at a revised 22.1 percent from a year earlier as electronics output surged.

(Reporting by Fathin Ungku; Editing by Richard Borsuk)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Singapore factory output grows less than expected in January

SINGAPORE (Reuters) - Singapore's industrial production in January grew more slowly than expected due to a decline in biomedical manufacturing output, data showed on Friday.

(Reuters) - Singapore's industrial production in January grew more slowly than expected due to a decline in biomedical output, data showed on Friday.

output in January rose 2.2 percent from a year earlier, data from the Economic Development Board showed, lower than the median forecast of 8.4 percent expansion in a survey. [nL4N1G7225]

Industrial production in January shrunk more than expected on a month-on-month and seasonally adjusted basis, at 6.0 percent. The poll's median forecast was for a contraction of 2.6 percent.

In December, Singapore's industrial production grew at the strongest pace in five years, jumping at a revised 22.1 percent from a year earlier as electronics output surged.

(Reporting by Fathin Ungku; Editing by Richard Borsuk)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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