Singapore Industrial Production Growth Eases In August

(RTTNews) - Singapore's industrial production increased at a softer pace in August, data from the Economic Development Board showed on Friday.

Industrial output grew 11.2 percent year-on-year in August, after a 16.4 percent rise in July. Production was forecast to increase 8.8 percent.

Excluding biomedical manufacturing, industrial production gained 13.6 percent yearly in August, following a 6.7 percent rise in the preceding month.

On a monthly basis, industrial production grew 5.7 percent in July, after a 2.8 percent fell in the previous month. Economists had expected a 3.1 percent rise.

Biomedical manufacturing declined 0.6 percent annually in August.