Singapore's industrial output up a surprise 4.3% in October

Singapore

SINGAPORE'S manufacturing output grew 4.3 per cent year on year in October, more than rebounding from September's marginal 0.1 per cent fall, according to preliminary estimates from the Economic Development Board on Monday. Excluding the volatile biomedical manufacturing sector, output grew 3 per cent.

Still, economists remain cautious on the manufacturing outlook, despite October's figure exceeding their expectations of 2.6 per cent growth.