Singapore April factory output rises 6.7% on-year, electronics solid

SINGAPORE (May 26): Singapore's industrial production grew for the ninth consecutive month in April, thanks to a continued uptick in electronics output, data showed on Friday.

Manufacturing output in April rose 6.7% from a year earlier, data from the Singapore Economic Development Board showed, slightly higher than the median forecast in a Reuters survey for 6.4% expansion.

Singapore's trade-reliant economy is expected grow over 2% this year, the government said this week, closer to the top-end of its 1-3% target, mainly helped by improving global demand that has underpinned a bounce in the manufacturing sector.

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