Singapore's manufacturing fell in August raising fears of recession

RTTNews.com, 26 Sep 2012
(RTTNews) - Singapore's manufacturing production unexpectedly declined in August, raising fears of a recession as a gain in the biomedical sector was offset by a marked contraction in electronics output amid further deterioration in export demand, latest data showed Wednesday.
The electronics cluster recorded a faster decline of 7.3 percent than 5.3 percent in July as external demand for electronic products dropped further in the backdrop of a slowing global economy and the ongoing crisis in Europe. Full story

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