DPA
Singapore’s November manufacturing output declined by 7.5 per cent compared with the same month last year, according to the Economic Development Board Friday.
On a seasonally adjusted month-on-month basis, output rose 6.2 per cent in November, due to a higher level of production in the biomedical manufacturing cluster, the state agency said.
The three-month moving average year-on-year index for November fell 5.5 per cent compared to the same period last year.
Cumulative manufacturing output for the first eleven months of 2008 fell 3.3 per cent compared with the same period last year.
While biomedical the manufacturing and transport engineering sectors expanded, output of the chemical industry dropped by 20.1 per cent year-on-year, while the petrochemicals segment was down 31.6 per cent.
The electronics cluster shrank 19.4 per cent in November, compared with the same month last year.
http://www.monstersandcritics.com/news/business/news/article_1450261.php/Singapore…
Singapore sees 9.7-per-cent drop in November visitors
DPA
Tourist arrivals in Singapore fell by 9.7 per cent in November to 760,000 visitors compared to the same month a year ago, the Singapore Tourism Board (STB) said Friday.
Indonesia, China, Australia, Malaysia and India were Singapore’s top five visitor-generating markets, accounting for 49 per cent of total visitor arrivals for the month.
The STB said the visitor arrivals in Singapore had been declining since June, reflecting the continued impact of the worsening global economic slowdown on consumer sentiments and discretionary spending.
Visitor arrivals and tourism receipts were expected to fall short of this year’s targets of 10.8 million visitors and earnings of 15.5 billion Singapore dollars (10.74 billion US dollars), respectively.
http://www.monstersandcritics.com/news/business/news/article_1450263.php/Singapore…