August 25, 2017 / 5:01 AM / a month ago

Singapore November factory output rises 7.6 pct y/y, beats forecast

SINGAPORE, Dec 26 (Reuters) - Singapore’s industrial production in November beat expectations, data showed on Wednesday, helped by a jump in pharmaceuticals output as well as strong expansion in the marine and offshore engineering segment.

Manufacturing output in November rose 7.6 percent from a year earlier, data from the Singapore Economic Development Board showed. The median forecast in a Reuters survey of eight economists predicted a 4.1 percent expansion. It was faster than the revised 5.5 percent growth in October.

On a month-on-month and seasonally adjusted basis, industrial production rose 2.8 percent in November, faster than October’s revised 2.4 percent growth.

Pharmaceuticals production in November rose 23.9 percent from a year ago, while electronics output increased 11.2 percent.

The marine and offshore engineering segment expanded 26.6 percent on the back of a low base in November last year as well as a higher level of work done in offshore projects. (Reporting by Aradhana Aravindan; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below