Bloomberg.com, 26 Mar 2009, Shamim Adam
March 26 (Bloomberg) -- Singapore’s industrial production fell for a fifth straight month in February, the longest slump in eight years, as shrinking global demand for electronics and pharmaceuticals forced manufacturers to cut output.
Manufacturing, which accounts for about a quarter of Singapore’s economy, dropped 22.4 percent from a year earlier, following a revised 29.8 percent decline in January, the Economic Development Board said today. The median estimate of 10 economists surveyed by Bloomberg News was for a 23 percent fall.
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