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Q2 GDP may be lowered from estimates as factories disappoint in June
Industrial production has fallen by 6.7 per cent year on year, on a poor showing in the volatile biomedical cluster
Published Fri, Jul 24, 2020 · 09:50 PM
Singapore
SINGAPORE factories ran out of steam in June, with the sector's second straight month of output decline a blow to economy watchers.
Industrial production fell by 6.7 per cent year on year, on a poor showing in the volatile biomedical cluster, according to preliminary figures released on Friday. Manufacturing would have expanded by 2.1 per cent otherwise.
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