Singapore manufacturing output beats estimates with 4% growth in October

SINGAPORE (Nov 26): Singapore’s industrial production came in stronger than expected in October, increasing 4.0% year-on-year on the back of a 24.0% jump in biomedical manufacturing output.

Excluding biomedical manufacturing, output grew 0.2% in October, according to data released Nov 26 by the Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry (MTI).

Economists had predicted a 1.4% fall in October manufacturing output, according to consensus estimates.

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