Singapore factory output beats expectations, inching up 0.1% in April

SINGAPORE'S manufacturing output edged back into growth territory in April, up 0.1 per cent year on year contrary to economists' expectations of a 3.5 per cent fall, and improving from March's revised figure of a 4.3 per cent fall.

Biomedical manufacturing continued to make the strongest showing, with output up 11.2 per cent. This comprised a 10.9 per cent rise in pharmaceuticals output and a 12 per cent rise in medical technology output, with sustained export demand. Within the electronics cluster, the computer peripherals and data storage segments saw declines in April, but semiconductor output growth edged back into positive territory at 0.3 per cent. Infocomms and consumer electronics output was up 1.3 per cent and that of other electronic modules and components, 12.5 per cent.

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