Singapore’s industrial production in December 2016 jumped up more than expected, posting its best monthly performance in at least two years, data from the Economic Development Board (EDB) showed on Thursday (26 Jan).
Manufacturing output rose 21.3 percent from a year earlier, the EDB data showed.
This jump was above market expectations. A Reuters poll put the median forecast at 9.5 per cent year-on-year.
Excluding the volatile biomedical sector, output still increased by 16.1 percent.
Transport engineering was the only cluster registering a shrinkage. Output fell by 10.5 per cent.
The full EDB report could be found on its latest media release. Fuller 2016 fourth quarter and full-year estimates will be released next month.
Singapore manufacturing output surges 21.3% in December
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