News @ AsiaOne

Factory output falls 12.6%

Manufacturing output in Oct fell 12.6 per cent from a year ago due to the worsening economic climate. -ST

Wed, Nov 26, 2008
The Straits Times

SINGAPORE'S manufacturing output in October fell 12.6 per cent from a year ago, as the worsening global economic down further curbed demand for Asian orders.

On a seasonally adjusted month-on-month basis, output shrank 12.7 per cent from September, said the Economic Development Board in a statement on Wednesday.

For the first ten months of the year, cumulative output of the general manufacturing industries shrank by 2.5 per cent from 2007.

 


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