Singapore factory output in June surges 27.5% from low base
Manufacturing, exports are key growth engines with services, construction recovery dampened by lockdowns
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.