Singapore's Manufacturing Output Resumes Fall In June

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Singapore's manufacturing output declined 9.3% year-on-year in June following a revised 2.1% increase in May, the Economic Development Board said Friday. Production fell for the first time in three months. Economists had forecast a 6.4% decline for June.

On a monthly basis, production fell a seasonally adjusted 9.2% in June compared to a revised fall of 1.8% in May. It was expected to fall by 6.2%.

Singapore's manufacturing output declined 9.3% year-on-year in June following a revised 2.1% increase in May, the Economic Development Board said Friday. Production fell for the first time in three months. Economists had forecast a 6.4% decline for June. (Market News Provided by RTTNews)