Singapore November factory output up 5.3 percent, lags forecast
SINGAPORE (Reuters) – Singapore’s industrial production in November rose 5.3 percent from a year earlier, underpinned by continued expansion in electronics output, although falls in pharmaceuticals output and marine and offshore engineering production tempered overall gains.
On a month-on-month and seasonally adjusted basis, manufacturing output fell 2.3 percent in November, data from the Economic Development Board showed on Tuesday, weaker than the median forecast of an increase of 0.7 percent.
(Reporting by Masayuki Kitano; Editing by Sam Holmes and Biju Dwarakanath)
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