News @ AsiaOne

Dec output shrinks 13.5%

It is the third straight month of contraction in the key manufacturing sector. -ST

Wed, Jan 21, 2009
The Straits Times

SINGAPORE'S manufacturing output shrank 13.5 per cent in December from a year ago, the third straight month of contraction in the key sector, the government said on Wednesday.

On a seasonally adjusted month-on-month basis, output fell 11.0 per cent and overall production last year dropped 4.1 per cent from the previous year, the Economic Development Board said.

A 35.1 per cent drop in electronics output led last month's fall, data showed.


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