Industrial production in Singapore increased from the year-ago period in October, mainly due to a strong showing in the electronics sector, official data showed on Thursday.
The Singapore Economic Development Board reported that industrial output climbed 3.6% year-on-year in October, rebounding from the upwardly revised 6.3% decrease in the previous month.
Economists had expected output to grow 7.5%. Excluding biomedical manufacturing, industrial production climbed 4.3%, after a 4% decline in September.
Output in the electronics manufacturing sector, which has the largest share in overall industrial output value, surged 17.7% annually in October, much faster than the 2.4% increase in September.
Mots clés Technorati : Singapore Economy,fvtaiwan
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