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Singapore June factory output -0.3 pct year-on-year, bit weaker than expected

Published 07/26/2016, 01:28 AM
Updated 07/26/2016, 01:30 AM
© Reuters. Employees are seen by their workstations at a printed circuit board assembly factory in Singapore

SINGAPORE (Reuters) - Singapore's industrial production in June fell slightly more than expected from a year earlier, as sharp falls in marine and offshore engineering output and pharmaceuticals production offset a jump in electronics output.

Manufacturing output fell 0.3 percent from a year earlier in June, data from the Singapore Economic Development Board showed on Tuesday. The median forecast in a Reuters survey was for a contraction of 0.2 percent.

© Reuters. Employees are seen by their workstations at a printed circuit board assembly factory in Singapore

On a month-on-month seasonally adjusted basis, factory output fell 2.5 percent in June, matching the median forecast in the Reuters survey.

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