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April 24, 2020

Singapore ’s Manufacturing Output Increased By 16.5% In March, ‘More Obvious’ Impact From COVID-19 Expected Next Month

 

According to data from the Economic Development Board (EDB) on Friday (Apr 24), Singapore ’s manufacturing output increased by 16.5% in March after recording its biggest contraction since 1983 in February,

In February, as the COVID-19 pandemic deepened, Singapore’s manufacturing output plummeted by more than 20%.

In its media release, EDB said manufacturing output in March “had not been significantly impacted by COVID-19”.

“More pronounced impact is likely to be seen from April 2020 onwards due in part to the implementation of the ‘circuit breaker’ measures”.

 

 

Find out more: https://www.channelnewsasia.com/news/business/manufacturing-output-march-2020-covid19-impact-12672984

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