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Manufacturing performance remained lacklustre as January and February manufacturing output contracted 0.4 per cent and 16.6 per cent y-o-y respectively. Decline in output, especially in February, is partly due to slower activities in the Lunar New Year period where many factories were closed. According to the latest monthly manufacturing performance, the two main manufacturing sectors, electronics and biomedical manufacturing, fell by 21.1 per cent and 18.0 per cent y-o-y respectively.
Source : Knight Frank
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