Factory output tipped to prop up Singapore economy in 2021 despite looming cool-down

OUTPUT in Singapore's factory sector rose year on year for the 10th straight month in August, with support from the linchpin electronics cluster despite a pharma stumble.

While electronics production risks hitting a supply-side cap, watchers still believe manufacturing will sustain the economic recovery this year.

Industrial production expanded by 11.2 per cent in August, cooling from 16.4 per cent growth in July, but still ahead of private analysts' estimates, data from the Economic Development Board (EDB) released on Friday indicate.