Bloomberg.com, 26 Sep 2008, Shamim Adam
Sept. 26 (Bloomberg) -- Singapore's industrial production contracted for a second month in August on declining electronics and pharmaceutical output, suggesting the economy may slide into a recession this quarter.
Manufacturing, which accounts for a quarter of Singapore's economy, fell 12.2 percent from a year earlier, following a revised 21.5 percent drop in July, the Economic Development Board said today. The median forecast of nine economists in a Bloomberg News survey had been for a 9 percent decline.
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Singapore Aug output in surprise drop, recession looms - Interactive Investor, 26 Sep 08
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Singapore August manufacturing falls 12 percent - International Herald Tribune, 26 Sep 08
