Singapore April factory output up 9.1% year-on-year on pharma upswing

SINGAPORE( May 25): Singapore's industrial production in April grew more than expected, buoyed by an upswing in pharmaceuticals output, data showed on Friday, although the sector's volatility and decline in electronics production growth clouded outlook.

Manufacturing output in April rose 9.1% compared with a year earlier, up from the revised 6.1% rise in March, data from the Singapore Economic Development Board showed.

The median forecast in a Reuters survey was for an on-year 8.3% expansion.

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