SINGAPORE (Dec 26): Singapore’s manufacturing output increased by 5.3% year-on-year in November, some 2.8 percentage points below economists’ expectations as pharmaceuticals output dived 31.1%.
The decline in pharmaceuticals manufacturing, which was attributed to a different product-mix being produced, dragged output for the biomedical manufacturing cluster down 23.3% from a year ago.
Excluding biomedical manufacturing, Singapore’s total manufacturing output would have grown 13.9% in November... (Click here to read the full story.)