Analysts raise Singapore manufacturing forecasts after February's output jump
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SINGAPORE looks set to continue with resilient manufacturing growth this year as the factory sector on Friday posted its fourth straight month of output expansion in February.
The lynchpin electronics cluster continued to underpin growth, even as the ailing transport engineering industry could soon turn the corner.
Industrial production jumped by 16.4 per cent year on year, against 9.2 per cent in January, and beat the median estimate of 15.8 per cent growth in a private-sector Bloomberg poll.
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