Singapore factory output up by 14.3% in December, taking full-year growth to 7.3%

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SINGAPORE factory output was better than expected in December, as a semiconductor surge in the powerhouse electronics segment offset a decline in pharmaceuticals. Read more at The Business Times.

Singapore's industrial production expanded by 19.8 per cent in December when the biomedical manufacturing cluster was excluded.

Otherwise, some of the electronics sheen rubbed off on precision engineering, where output grew by 11 per cent in December. The cluster was buoyed by semiconductor equipment and measuring devices output in the machinery and systems segment. Meanwhile, general manufacturing expanded by 5.9 per cent in December, with higher production of beverage products and milk powder making up for contraction in areas such as construction-related products.

 

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