Singapore factories post biggest output drop on record as virus bites
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SINGAPORE (Reuters) - Singapore's industrial output fell at a record pace in February from the previous month, data showed on Thursday, well below economists' already bearish predictions due to the coronavirus pandemic. On a month-on-month and seasonally adjusted basis, industrial production fell 22.3% in February, according to data from the Singapore Economic Development Board. That was the biggest contraction in official records going back to 1983, and far more than the median forecast in a..