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March factory output beats forecasts with 5.9% gain
Electronics is best performer with output up 12.4 per cent year on year, while biomedical manufacturing is worst with decline of 5.4 per cent
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Published Thu, Apr 26, 2018 · 09:50 PM
Singapore
SINGAPORE'S factory output grew 5.9 per cent in March compared to a year ago, just above economists' predictions of a 5.7 per cent rise, according to preliminary Economic Development Board (EDB) figures yesterday.
Economists held steady on their gross domestic product (GDP) estimates for the first quarter, while expecting manufacturing to slow down in the coming months.
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