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Singapore November Manufacturing Expands 17.9% Year-On-Year As Electronics Output Jumps
Economists had expected a 15.4% increase in November, according to seven economists surveyed by Reuters. Factory output shrank a revised 0.8% in October
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Singapore s industrial output in November grew 17.9% year-on-year, beating economists forecasts, helped by a surge in biomedical and electronics manufacturing, official data showed on Thursday.
Economists had expected a 15.4% increase in November, according to seven economists surveyed by Reuters. Factory output shrank a revised 0.8% in October, data from the Singapore Economic Development Board showed.
Electronics output jumped 34.9% year-on-year and the biomedical sector, which is typically volatile, rose 40.6%.