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Singapore Aug factory output +0.1 percent; weaker than expected

Reuters
Employees are seen by their workstations at a printed circuit board assembly factory in Singapore June 28, 2016. REUTERS/Edgar Su/File Photo

SINGAPORE (Reuters) - Singapore's industrial production in August barely grew from a year earlier, as a slide in marine and offshore engineering output and a fall in pharmaceuticals production tempered the positive impact from an expansion in electronics output.

Manufacturing output rose 0.1 percent from a year earlier in August, data from the Singapore Economic Development Board showed. The median forecast in a Reuters survey was for an expansion of 0.6 percent.

On a month-on-month seasonally adjusted basis, factory output was flat in August, weaker than the median forecast of an increase of 1.8 percent.

(Reporting by Masayuki Kitano; Editing by Shri Navaratnam)