Industrial production fell 7.4% in May

Industrial production fell 7.4% in May

Singapore Business Review (SBR)·2020-06-29 22:00

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Manufacturing’s growth halted as circuit breaker measures disrupted production.

Singapore’s industrial production (IP) fell by 7.4% in May, according to Maybank Kim Eng research report, whilst IP ex-biomed plunged by 10.4%.

Manufacturing’s growth skidded to a halt in May as circuit breaker measures disrupted production of medical technology, marine and offshore, as well as general manufacturing,

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