Singapore's manufacturing output rises 4.3 pct in October
The Singapore Economic Development Board announced on November 26 that the city-state's manufacturing output rose by 4.3 percent year on year in October, compared to the revised 0.1 percent decrease in September.
Singapore's manufacturing output rose by 4.3 percent year on year in October (Photo: VNA)
Hanoi (VNA) – The Singapore Economic Development Board announced on November26 that the city-state's manufacturing output rose by 4.3 percent year on yearin October, compared to the revised 0.1 percent decrease in September.
Excludingbiomedical manufacturing, Singapore's manufacturing output grew 3 percent yearon year in October, compared to a 2 percent growth rate in September.
In the firstten months of 2018, Singapore's manufacturing output grew 7.5 percent year onyear. Excluding biomedical manufacturing, it grew 7.9 percent year on year.
On aseasonally adjusted month-on-month basis, Singapore's manufacturing outputhiked 2 percent in October. Excluding bio-medical manufacturing, output grew3.9 percent.
On ayear-on-year basis, the electronics cluster's output fell by 2.7 percent inOctober, the chemicals cluster's output declined by 1 percent, the transportengineering cluster's output jumped by 30.8 percent, the bio-medicalmanufacturing cluster's output hiked 11.5 percent, the precision engineeringcluster's output grew 1.4 percent, and the general manufacturing industries sawtheir outputs up by 1.3 percent.-VNA
Singapore’s exports growth picked up the annual pace in October and handily beat forecasts, thanks to a continued surge in pharmaceutical shipments though the key electronics sector contracted again.
A Reuters poll of 11 economists showed that Singapore is expected to report slower third-quarter economic growth than initially thought as the manufacturing sector faces strains from weaker global demand and an intensifying trade dispute between the United States and China.
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Singapore's manufacturing output rose by 4.3 percent year on year in October (Photo: VNA) 
