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Singapore October factory output rises 14.6 percent
November 24, 2017 / 5:07 AM / 24 days ago

Singapore October factory output rises 14.6 percent

SINGAPORE (Reuters) - Singapore’s industrial production rose for a fifteenth straight month in October, driven by a continued surge in electronics output, data showed on Friday.

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 October rose 14.6 percent from a year earlier, data from the Singapore Economic Development Board showed, after growing a revised 14.4 percent in September. The median forecast in a Reuters survey predicted a 15.5 percent expansion.

Electronics output in October rose 45.1 percent on-year after growing 33.1 percent in September.

On a month-on-month and seasonally adjusted basis, industrial production rose 0.7 percent in October after a revised 1.0 percent fall in September. The median forecast was for a rise of 1.5 percent.

Reporting by Fathin Ungku; Editing by Sunil Nair

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