Singapore March factory output dips 0.5 pct y/y, less than expected

April 26, 2016 5:00 AM

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SINGAPORE, April 26 Singapore's industrial production in March fell less than expected from a year earlier due to a surge in pharmaceuticals, data showed on Tuesday.

Manufacturing output fell 0.5 percent from a year earlier in March, data from the Singapore Economic Development Board showed. The median forecast in a Reuters survey was for a drop of 2.7 percent. On a month-on-month and seasonally adjusted basis, factory output rose 1.0 percent in March, matching ...

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