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August industrial output falls 2.2% year-on-year

Published on Sep 26, 2012 1:00 PM
 
The fall in August industrial output was due primarily to electronics, which fell 7.3 per cent year-on-year, following year-on-year declines of 5.3 per cent and 5.0 per cent in July and June, respectively. -- PHOTO: BLOOMBERG

SINGAPORE (REUTERS) - Singapore's industrial output fell in August primarily due to electronics, which fell 7.3 per cent year-on-year, following year-on-year declines of 5.3 per cent and 5.0 per cent in July and June, respectively, according to Economic Development Board (EDB) on Wednesday.

On a year-on-year basis, manufacturing output declined 2.2% in August 2012.

Economists had expected industrial production to rise 1.1 per cent year-on-year but stay unchanged month-on-month after seasonal adjustments.

EDB said the drop in electronics output from a year earlier was due to "continued weak export demand". For the first eight months of 2012, electronics production fell 12 per cent from the same period last year.

 
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