May's manufacturing output up 0.9%
Some economists banking on April's strong numbers for Q2's overall showing; others are less optimistic
Singapore
DESPITE the slowdown in the growth of manufacturing output in May, economists are hopeful for an above-satisfactory performance for the second quarter, largely because of the high growth in April.
The Economic Development Board (EDB) released industrial-production data showing May's preliminary manufacturing output to have risen by a mere 0.9 per cent from a year ago.
Excluding biomedical manufacturing, output fell 2.3 per cent.
On a seasonally adjusted, month-on-month basis, the numbers were even less impressive: a fall of 0.4 per cent in May; …
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