Singapore's industrial production unexpectedly increased 1.8% YoY in July after a 4.3% decline in June.

Singapore's industrial production unexpectedly increased by 1.8% year-on-year in July, following a 4.3% decline in June. Excluding biomedical manufacturing, output grew 3.4% annually in July, with transport engineering and general manufacturing contributing to the growth. The electronics sector experienced a 2.8% rise in July, while the biomedical manufacturing sector contracted by 17.4%. On a seasonally adjusted month-to-month basis, manufacturing output improved by 10.1% in July.

August 26, 2024
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