Singapore factory output rises 14.3% in November, moderating from October’s growth
Pharmaceuticals and electronics – exempt from US tariffs for now – lead growth
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[SINGAPORE] The Republic’s factory output jumped 14.3 per cent year on year in November, led by a surge in the volatile biomedical cluster, data from the Economic Development Board showed on Friday (Dec 26).
Still, this fell shy of private-sector economists’ median estimate of 15 per cent in a Bloomberg poll, and marked a slowdown from October’s revised 28.9 per cent growth.
Economists were mixed on the outlook for December and into 2026, though they noted that November’s moderation comes after two months of strong growth.
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