Singapore's manufacturing output declines 2.3% in May

Source: Marketwatch
© Scanpix/Reuters
In May, Singapore's manufacturing output slipped 2.3% year-over-year, which was steeper than a 2.1% decrease predicted by analysts, however, lower than a 9.1% decrease in April. Moreover, on the adjusted basis, output increased 2.4% in May over April, as production contracted in the pharmaceutical sector and international demand for nations' goods weakened further.
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