FX.co ★ Singapore Manufacturing Output Unexpectedly Falls

In February 2025, Singapore experienced a 1.3% year-over-year decline in manufacturing production. This marks a reversal from a revised 8.0% growth observed in the previous month and falls short of market expectations, which predicted a rise of 7.5%. Notably, this is the first recorded decline since June of the previous year. On a monthly basis, manufacturing output decreased by 7.5%, shifting from a growth of 2.8% and exceeding projections of a 0.3% decrease.