RHB | Singapore | IPI Improved On Biomedical Manufacturing Output

Economic Research	26 October 2015
Singapore
Economic Highlights
IPI Improved On Biomedical Manufacturing Output Singapore’s industrial production index (IPI) declined 4.8% y-o-y in September, retreating from its 7.1% plunge in August and 6.6% fall in July. The recovery was largely underpinned by a surge in biomedical manufacturing output, whereas manufacturing activities from the precision engineering and transportation sectors continued to deteriorate, mitigating some of the upside. Excluding the volatile biomedical manufacturing sector, the IPI would have nosedived 10.2% y-o-y in September, worsening from its 8.4% fall in August. Economist:  Ng Kee Chou | +603 92802179
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