Industrial production of Singapore declined in September for the first time in 10 months

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In Singapore, for the first time in 10 months, a decline in industrial production was recorded in September, finversia.ru writes, citing official data. In the manufacturing industry, the volume of production declined by 0.2% over the year compared with a growth of 3.7% in the previous month. Experts did not expect a decline. According to their forecasts, an increase of 3.5% was expected. Compared to August, industrial production, seasonally adjusted, decreased by 4.9%, which was the worst indicator since February 2017. Excluding output in the biomedical field, the annual rate rose by 1.9%, and monthly – decreased by 2.4%. Most industries showed a decline in September. The growth of output was observed only in transport engineering, fine and precise mechanics.  

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