Singapore's factory output for February disappoints
Most industry clusters shrank during the short month; economic restructuring and weak external demand didn't help
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Nisha Ramchandani
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Singapore
SINGAPORE'S manufacturing sector contracted more than expected in February, falling 3.6 per cent year on year on the back of plant closures during the Chinese New Year holidays and muted external demand.
February's drop was sharper than the 2.2 per cent decline projected by economists. In contrast, January's figure had been up 1.3 per cent.
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