Singapore’s manufacturing output growth slows down in July

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The Singapore Economic Development Board (EDB) said on Friday that the country’s manufacturing output increased 0.6 percent year on year in July, compared to the revised 2.6 percent increase in June and 10.2 percent increase in May.

Excluding biomedical manufacturing, the output grew 2.9 percent year on year in July, compared to the revised 4.9 percent increase in June and 13.4 percent increase in May.

On a seasonally adjusted month-on-month basis, Singapore’s manufacturing output decreased 2.3 percent in July. Excluding biomedical manufacturing, output declined 1.1 percent.— Xinhua

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