Singapore factory output rebounds with 17.9% rise in November
- Posted by: vitu
- Categories: Asia, Singapore
SINGAPORE – Singapore’s manufacturing industry bounced back with a bigger-than-expected rise in November, boosted by a surge in biomedical and semiconductor production.
Factory output expanded 17.9 per cent year on year, following a revised 0.8 per cent dip in October, according to data released by the Economic Development Board (EDB) on Thursday (Dec 24). The increase beat the 15.4 per cent rise tipped by economists in a Reuters poll.
Excluding the biomedical manufacturing segment, production expanded 14 per cent last month.