SG manufacturing output drops for 11th consecutive month

Staff Writer
Tue, 26 Sep 2023 23:00:52 +0000
Singapore News, Economic Development Board, edb, industrial output

SINGAPORE: Singapore’s industrial output in August dropped 12.1 per cent year-on-year, falling for the 11th month. The continued industrial slump affects the economy as one of every five dollars of Singapore’s GDP comes from manufacturing. While the official forecast expects little to no growth this year, the drop in output is steeper than expected. Economists …