Singapore Jan industrial output falls 4.4 pct m/m

Forbes.com, 26 Feb 2009, Reuters

SINGAPORE, Feb 26 (Reuters) - Singapore's January factory output fell a seasonally adjusted 4.4 percent from December as electronics and drugs production slid amid weak export demand, government data showed on Thursday.

Compared with a year ago, manufacturing output shrank 29.1 percent, the Economic Development Board (EDB) said in a statement, as the city-state feels the effects of a global financial crisis that has led to its worst-ever recession.

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