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Modest recovery in factory output for September
Economists expected a contraction, but a star turn by biomedical manufacturing pushes y-o-y growth to 0.1%
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Published Fri, Oct 25, 2019 · 09:50 PM
Singapore
SINGAPORE'S factory output made a modest recovery in September with a year-on-year expansion of 0.1 per cent boosted by biomedical manufacturing, much to the surprise of economists who had largely expected a further contraction.
A poll of private economists by Bloomberg put the median contraction at 4.8 per cent; OCBC economists predicted a 2.6 per cent decline; and Barclays economists forecast a 3.3 per cent drop.
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