SG manufacturing output declined by 2.5% in December

Anna Maria Romero
Fri, 26 Jan 2024 16:00:45 +0000
Featured News, SG Economy, SGX, edb, manufacturing, SG manufacturing slowdown

SINGAPORE: The country’s total factory output showed a 2.5 per cent decrease year-on-year in December, according to data from the Economic Development Board (EDB) published on Friday (Jan 26). The decline is in large part due to significant losses in the biomedical sector – should the currently volatile sector be excluded, factory output would actually …