Singapore factory output falls by 8.4% in July

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SINGAPORE factory output fell again in July, with a worse-than-expected performance dragged down in part by the return of electronics production to negative territory. Read more at The Business Times.

But other manufacturing clusters stood in the red - including electronics manufacturing, which had earlier been a bright spot for the factory sector.

The novel coronavirus pandemic was partly to blame, as the transport engineering cluster's output shrank by 39.8 per cent in July on a broad-based slump, extending the previous month's 37.4 per cent drop. Meanwhile, chemicals output was down by 2.4 per cent, against a decline of 11.7 per cent in June, despite a rebound in petrochemical production growth.

 

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