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Singapore’s manufacturing output rebounds in October, growing 16.9% y-o-y

Atiqah Mokhtar
Atiqah Mokhtar11/26/2021 1:0 PM GMT+08  • 4 min read
Singapore’s manufacturing output rebounds in October, growing 16.9% y-o-y
This marks a return to growth after the 2.2% decline in manufacturing output recorded in September.
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Singapore’s manufacturing output increased by 16.9% on a y-o-y basis in October, according to preliminary data released by the Singapore Economic Development Board (EDB) on Nov 26.

This marks a return to growth after the 2.2% decline in manufacturing output recorded in September, which had broken the 10-month growth streak preceding it. The figure also beats Bloomberg estimates of 14.5%.

Excluding biomedical manufacturing, output grew 9.7% y-o-y. On a three-month moving average basis, manufacturing output rose 8% in October compared to a year ago.

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