June IPI Slipped On Weak Pharma And Oil Exploration Activities

Economic Research	27 July 2016
Singapore
Economic Highlights
June IPI Slipped On Weak Pharma And Oil Exploration Activities 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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