Singapore July factory output growth slows on-month, but beats forecast

SINGAPORE (Aug 24): Singapore's industrial production growth slowed slightly on-year in July from a month ago, but still came in above forecasts, data showed on Friday.

Manufacturing output in July rose 6.0% from a year earlier, data from the Singapore Economic Development Board showed, slower than the revised 8.0% on-year growth in June. The median forecast in a Reuters survey predicted a 5.4% expansion.

On a month-on-month and seasonally adjusted basis, industrial production fell 1.7% in July, lower than the revised 4.4% rise the month earlier. The median forecast was for a contraction of 1.3%.

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