Singapore Feb factory output rises 8.9%, tops forecast

SINGAPORE (March 26): Singapore's industrial production in February rose more than expected from a year earlier due to a surge in electronics production, data showed on Monday.

Manufacturing output rose 8.9% last month from a year earlier, data from the Singapore Economic Development Board showed, exceeding the median forecast in a Reuters poll that flagged a 5.1% expansion.

On a month-on-month and seasonally adjusted basis, industrial production fell 0.5% in February, a much smaller decline than the 8.4% contraction forecast in the poll.

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