Economic Buzz: Singapore Industrial Production Falls 0.8% On Year In October

25 Nov 2022 , 01:00 PM

Singapores industrial production declined 0.8 percent year-on-year in October, after a 1.6 percent growth in September, slower than expected pace, data from the Economic Development Board revealed on Friday. Excluding biomedical manufacturing, industrial production growth eased to 1.9 percent in October from 2.4 percent in the previous month. On a monthly basis, industrial production rose 0.9 percent in October, following a 0.2 percent gain in the prior month. Powered by Commodity Insights