Singapore's industrial production may have decelerated 5% in December

Moody's paints a gloomy scenario.

In its Asia-Pacific Preview report, Moody's Analytics predicts that while Singapore's industrial output improved in November, the effect likely faded in December, resulting in a 5% decline.

"Output is forecast to have fallen in year-on-year terms, partly because of a strong base effect from December 2011. Electronics production is still falling in year-on-year terms and biomedical output likely cooled after a strong November," added Moody's.

Singapore's actual December 2012 industrial production results will be released on January 25, 2013.

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