Singapore Oct manufacturing unexpectedly falls 0.9% y-o-y, misses forecast

(Reuters) – Singapore’s industrial output unexpectedly declined 0.9% year-on-year in October, missing economists’ forecasts, hurt by a plunge in transport engineering, official data showed on Thursday.

Economists had expected a 6.2% increase, according to the median in a Reuters poll.

On a month-on-month and seasonally adjusted basis, industrial production fell 19.0% in October, data from the Economic Development Board showed. Economists had expected a 11.9% contraction.


(Reporting by Chen Lin; Editing by Shri Navaratnam)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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