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Singapore Production Unexpectedly Dropped on Drugs, Electronics

Clipped to the Drawing Board by Peter Wu  
Singapore's industrial production unexpectedly declined in April, the biggest drop in 10 months, as drug companies and electronic manufacturers reduced output.

Manufacturing, which accounts for a quarter of Singapore's economy, fell 5.7 percent from a year earlier, following a revised 18.1 percent gain in March, the Economic Development Board said today. Analysts predicted a 6 percent increase.
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Wednesday 28 May, 2008 02:19 AM
 
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