26.09.201701:14:00UTC+00Singapore Industrial Production Growth Slows Less Than Forecast

Singapore's industrial production growth eased at a slower-than-expected pace in August, data from the Economic Development Board showed Tuesday.

Manufacturing output expanded 19.1 percent year-over-year in August, following a 21.2 percent surge in July. Economists had expected the growth to moderate to 15.5 percent.

The measure has been rising since August last year.

Excluding biomedical manufacturing, output advanced by 17.8 percent.

All manufacturing clusters, except for general manufacturing industries, recorded output growth in August.

On a monthly basis, manufacturing output climbed 0.6 percent from July, when it rose by 0.9 percent. In contrast, it was expected to decrease by 1.0 percent.