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.