Singapore, Jan. 25 -- Singapore's factory output shrank 1.4 per cent last year in its worst performance since 2016, according to data released by the Economic Development Board yesterday.
But electronics production squeezed out a small gain last month, breathing life into hopes that the crucial sector's output decline has hit the floor and will continue to recover through the year.
For December, overall manufacturing output was 0.7 per cent lower from a year ago, better than the 8.9 per cent slump in November - revised from a 9.3 per cent slide. Excluding biomedical manufacturing, output fell 3.2 per cent last month.
The latest figures were almost in line with expectations, with analysts polled by Bloomberg having tipped December's ou...