Wednesday, July 27, 2016

June IPI Slipped On Weak Pharma And Oil Exploration Activities

Economic Research
27 July 2016

Economic Highlights

Singapore’s industrial production slipped 0.3% y-o-y in June, from +0.8% the month before. The decline was driven by sharp falls in pharmaceutical output and transport engineering activities, which more than offset a 39.1% y-o-y surge in semiconductor production (+15.7% in May). Excluding biomedical manufacturing, output gained 2.4% y-o-y in June, reversing from a 2.5% drop the month before.

Economist:  Ng Kee Chou | +603 92802179

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