Singapore’s Industrial Production Contracts in December 2023, Biomedical Sector Drags Down Numbers
Singapore’s Economic Development Board (EDB) has unveiled the industrial production figures for December 2023, indicating a notable contraction of -2.5% year-on-year. This decline comes after a modestly adjusted level of 0% in November and is primarily attributed to a substantial downturn in biomedical production, known for its inherent volatility. When excluding the biomedical sector, industrial […]