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SINGAPORE ECONOMY
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Singapore factory output in June surges 27.5% from low base

Manufacturing, exports are key growth engines with services, construction recovery dampened by lockdowns

Janice Heng

Janice Heng

Published Tue, Jul 27, 2021 · 05:50 AM
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Singapore

SINGAPORE'S manufacturing output rose 27.5 per cent year on year in June on a low year-ago base, but shrank 3 per cent on a seasonally-adjusted month-on-month basis, Singapore Economic Development Board figures on Monday showed.

Year-on-year growth accelerated slightly in June, compared to the revised 27 per cent figure for May.

Excluding the outperforming biomedical manufacturing cluster, output grew 24.8 per cent in June.

The seasonally-adjusted monthly fall was worse than economists' expected marginal…

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Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
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