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Singapore Factory Output Falls 7.4 Percent Year-on-Year in June (Singapore)

This article was originally published in PharmAsia News

Executive Summary

Singapore's pharmaceutical industry reduced production by 52.5 percent during the month of June 2007, mostly because many factories are revamping themselves for new pharmaceutical production mixes. This slow down shrunk Singapore's overall factory output by 7.4 percent this June compared to June 2006. Many economists believe Singapore's economy will expand between 5 percent and 7 percent this year and meet government targets despite the retraction in June. (Click here for more

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