Singapore output tumbles 12.6pc in October

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SINGAPORE, Nov 26 (AFP): Singapore's manufacturing output shrank 12.6 per cent in October from a year ago, the government said today, the latest blow to the recession-hit economy as its exports suffer in the global downturn.
On a seasonally adjusted month-on-month basis, industrial output plunged 12.7 per cent from September, the Economic Development Board (EDB) said in its monthly report.
The fall was worse than the average 8.1 per cent decline forecast by eight economists in a Dow Jones Newswires poll.
Sharp contractions in the key biomedical and electronics industries led the declines but other sectors also fell. Only transport engineering and general manufacturing industries, which include food and printing, expanded last month, the EDB said.