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

Published Wed, May 26, 2021 · 05:50 AM

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.

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Singapore manufacturing

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Singapore

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

KEYWORDS IN THIS ARTICLE

Economy & Policy

Singapore must prepare for slower growth at higher costs: MAS

Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29

Singapore factory output reverses into negative territory in March, down 9.2%

Singapore’s growth should strengthen to ‘around potential rate’, output gap to close by end-2024: MAS

Gan Kim Yong visits US and Canada; to mark 20th anniversary of US-Singapore FTA

NTUC aims to do more to support PMEs, who now account for nearly half its membership

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