Singapore’s manufacturing output has expanded by 11.2% y-o-y in August, according to data released by the Economic Development Board on Sept 24. 

This marks the tenth straight month of growth and beats market estimates of 8.2% y-o-y growth.

Excluding biomedical manufacturing, output grew 13.6% y-o-y. On a three-month moving average basis, manufacturing output increased 18.3% in August compared to a year ago. On a seasonally adjusted month-on-month (m-o-m) basis, manufacturing output increased 5.7%. 

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