Daily Markets, 26 Aug 2010
(RTTNews) - Singapore’s manufacturing output grew at its slowest pace in eight months due to a plunge in biomedical manufacturing in July. Manufacturing output climbed a more than expected 9.9% year-on-year in July, but down sharply from a revised 29.5% rise seen in June, a report from the Economic Development Board showed Thursday. Consensus forecast was for a 9.3% increase.
Biomedical manufacturing dipped 11.2% compared to a 30.3% increase in June. The pharmaceuticals segment output declined 10.8%, primarily due to a different mix of active pharmaceutical ingredients produced.
Full storyRelated:
Singapore Manufacturing Output Up By 9.9% For July 2010 - Gov Monitor
