Analysts quadruple Singapore's Q1 growth estimate to 0.9% as factories maintain steam

A STRONG showing by Singapore's factory sector in March could see economic growth bumped up in the first quarter from early data estimates.

Ravenous global demand for semiconductors continued to fuel the electronics and precision engineering clusters. And the ongoing winning streak in chemicals makes it another cluster to watch, analysts added.

All in all, factory output increased by 7.6 per cent year-on-year in March, in its fifth month of expansion, Economic Development Board (EDB) data released on Monday showed.