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Rocky road to recovery for factories

Shock plunge in November output points to 'fits and starts' ahead: Economists

Annabeth Leow

Published Thu, Dec 26, 2019 · 09:50 PM

Singapore

SHATTERING fantasies of an immediate turnaround, Singapore's factory output fell in November at the steepest pace in nearly four years, according to an estimate out on Thursday.

Manufacturing lost 9.3 per cent year on year, erasing the progress of the previous two months, on declines in the heavyweight semiconductor and pharmaceutical industries - the worst showing since December 2015.