Factory output growth eases to 2.1% in April, but analysts unfazed

Singapore

SINGAPORE factory output rose 2.1 per cent in April, its sixth straight month of growth, as the linchpin electronics cluster continued to underpin gains.

The latest growth eases from the year-on-year (yoy) increase of 7.6 per cent in March, and fell short of the median estimate of 3.5 per cent expansion in a Bloomberg poll.