A STATISTICAL update, tucked away in a footnote, has thrown Singapore’s 2022 economic scorecard into doubt.

Factory output data from January to May was revised downwards “due to updated information about a firm-specific factor”, the Singapore Economic Development Board said on Jul 26 in an annexe to a monthly report.

The revision originated in the semiconductor segment, but was a lead weight on the entire manufacturing sector. May’s industrial production growth was revised from 13.8 per cent to 10.4 per cent, for example, while January’s growth fell from 2.3 per cent to a piddling 0.6 per cent.