April 26, 2017 / 5:42 AM / 7 months ago

Singapore March factory output rose 10.2 pct y/y, exceeds expectations

SINGAPORE (Reuters) - Singapore’s industrial production grew more than expected in March thanks to continued expansion in the electronics sector, data showed on Wednesday.

A general view of factories in the industrial district of Jurong in western Singapore April 4, 2016. REUTERS/Edgar Su/File Photo

Manufacturing output in March rose 10.2 percent from a year earlier, data from the Singapore Economic Development Board showed, exceeding the median forecast in a Reuters survey, which predicted a 7.1 percent expansion.

On a month-on-month and seasonally adjusted basis, industrial production also grew more than expected at 5.0 percent in March. The median forecast was for a 0.9 percent rise.

Reporting by Fathin Ungku; Editing by Sam Holmes

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