The Associated Press, 26 Nov 2008
SINGAPORE (AP) — Singapore manufacturing plummeted 13 percent in October from a year ago as demand for the city-state's electronic and pharmaceutical exports dried up amid the global economic slowdown.
Electronics, which account for 30 percent of manufacturing, fell 14 percent while pharmaceuticals, which make up 22 percent of production, dove 31 percent, the Trade and Industry Ministry's Singapore Economic Development Board said in a statement Wednesday.
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