>> ASIAONE / NEWS / LATEST NEWS / BUSINESS / STORY
S'pore Dec factory output down 4.7%
Fri, Jan 25, 2008
The Straits Times

SINGAPORE'S December manufacturing output unexpectedly fell a seasonally adjusted 4.7 per cent from November, government data showed on Friday.

Six economists had forecast that output would rise a marginal seasonally adjusted 0.3 per cent in December from November as drugs production could offset persistently weak electronics.

The monthly manufacturing data follows a revised rise of 6.4 per cent in November from 5.8 per cent, and a 1.5 per cent fall in October.

For the whole of 2007 growth in the manufacturing sector halved to 5.8 per cent from 11.5 per cent in 2006.

From a year earlier, factory output in December fell 1.7 per cent, the Economic Development Board said in a statement, compared with a market forecast for a 2.3 per cent rise.

Manufacturing accounts for about a quarter of Singapore's trade-dependent economy.

 

 
STORY INDEX
 
  S'pore Dec factory output down 4.7%
   
 
  S'pore's private home prices up 6.8% in Q4
   
 
  Samsung insurance arm raided in corruption probe
   
 
  STI opens 2.23% higher
   
 
  Hyflux clinches 207m yuan China projects
   
 
  BH Global rides high on regional demand
   
 
  Morgan Stanley to cut 1,000 jobs as markets slow
   
 
  Japanese shares climb after Wall Street rebound
   
 
  AT&T posts strong wireless growth, affirms '08 view
   
 
  S'pore-listed China plays soar on hopes of new fund inflows
   
We welcome contributions, comments and tips.
a1admin@sph.com.sg
Search: