Singapore’s industrial production unexpectedly rose at the slowest pace in nine months, heralding slower economic growth after a record expansion in the first half of the year.Manufacturing, which accounts for about a quarter of the economy, climbed 8.1 percent in August from a year earlier, after a 9.9 percent gain in July, the Economic Development Board said in a statement today. The median estimate of 10 economists surveyed by Bloomberg News was for an 11.7 percent gain. Full story
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