Chinese slowdown hits SE Asia, dragging down manufacturing output

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KENTARO IWAMOTO, Nikkei staff writer, Feb. 26, 2019 – 

SINGAPORE -- The worldwide slump in smartphone sales and the slowing semiconductor cycle have been increasingly weighing on Southeast Asia, with official manufacturing output figures weakening across the region. 

On Tuesday, Singapore's Economic Development Board announced that the country's manufacturing output for January dropped 3.1% from a year earlier, making it the first year-on-year decline since December 2017 and the sharpest fall since July 2016. December's figure was plus 2.7%. 

The main sector that dragged down the figure was electronics, which marked a 13.7% decline from a year prior, worsening from December's drop of 11.5%. Semiconductors specifically, the biggest weight in the electronics segment, dropped 14.2%. 

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