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.
Manufacturing output in January rose 2.2 percent from a year earlier, data from the Singapore Economic Development Board showed, lower than the median forecast of 8.4 percent expansion in a Reuters 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)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
