After Mas Selemat, another world class mistake

Singapore revises January manufacturing output growth to 11.7 pct from 6.9 pct

2008-3-11 09:00:00 a.m. HKT, XFNA SINGAPORE (Thomson Financial) -

The Economic Development Board said Tuesday Singapore's manufacturing output grew at an annual pace of 11.7 percent in January instead of 6.9 percent as it previously reported.

The board said it made a mistake in the computation of the data when it published the January manufacturing performance on Feb 26.

After recomputing the data, the board said it found that electronics output grew by 8.7 percent in January instead of contracting by 6.7 percent. Semiconductor output rose 6.8 percent instead of dropping 10.1 percent as reported earlier and data storage output grew by 14.4 percent instead of contracting 6.3 percent. The board also made minor revisions to the output of the chemical, precision engineering, transport engineering and general manufacturing industries for the month.

""We have strengthened our processes to avoid such errors from occurring again in future. We sincerely apologise for any inconvenience caused,"" the board said.

Let's close rank. It should not have happened, but it did. I am sorry about that. Let's move on. We are not infallible. We will find out what is wrong with the toilet.....and we will continue to get the multi-milions salary...good bye!!