SINGAPORE factory output went back into negative territory in March, dashing hopes of a recovery for the lacklustre manufacturing sector. Read more at The Business Times.
Singapore factory output went back into negative territory in March, dashing hopes of a recovery for the lacklustre manufacturing sector.SINGAPORE factory output went back into negative territory in March, dashing hopes of a recovery for the lacklustre manufacturing sector.
The positive performance in the above three clusters were still not enough to make up for the decline seen in electronics, precision engineering and chemicals. Precision engineering output fell by 13.3 per cent, dragged down by the precision modules & components segment which contracted 22.8 per cent, on account of lower production of optical and wire & cable products. The machinery & systems segment also declined 6.9 per cent with lower output in industrial process control and semiconductor-related equipment.
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