Singapore May factory output falls 2.4% year-on-year, misses forecast
SINGAPORE (Reuters) - Singapore's industrial production fell slightly more than expected in May from a year earlier as electronics output continued to drag, data showed on Wednesday.
Manufacturing output declined 2.4% last month from a year earlier, data from the Singapore Economic Development Board showed, compared with a 0.1% rise in April. The median forecast in a Reuters survey predicted a 2.2% contraction.
On a month-on-month and seasonally adjusted basis, industrial production fell 0.7% in May, after a revised 2.1% rise in April. The median forecast was for a fall of 0.8%.
The decline was attributed to a further plunge in electronics output, which fell 10.8% in May in its 6th consecutive monthly decline.
(Reporting by Fathin Ungku; Editing by Subhranshu Sahu)