Singapore's industrial output unexpectedly fell in November, marking its bi...
SINGAPORE - Singapore’s industrial output unexpectedly fell in November, marking its biggest drop in four years, in an indication that any recovery in the Asian bellwether economy is likely to be patchy.
That compares with a 0.8% rise forecast by a Reuters survey of eight economists and a downwardly revised 3.6% increase in October.On a month-on-month and seasonally adjusted basis, industrial production fell 9.4%, after a revised 3.0% increase in the previous month. The median forecast was for a 1.1% increase, based on estimates from five analysts.
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