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Singapore industrial output up a surprise 13.7% in August

Figure outstrips expectations of 2.2% growth and is first expansion after three months and a rebound from July's 7.6% fall

Janice Heng

Janice Heng

Published Fri, Sep 25, 2020 · 09:50 PM
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Singapore

SINGAPORE'S factory output soared by a surprising 13.7 per cent year on year in August, led by strong growth in electronics, according to Singapore Economic Development Board figures on Friday.

The performance bodes well for overall gross domestic product (GDP) in the third quarter, with the economic contraction expected to ease, said economists.

KEYWORDS IN THIS ARTICLE

Singapore manufacturing

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