Singapore June factory output beats forecasts with biomed boost
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Singapore
SINGAPORE'S factory output came in ahead of forecast in June, but that has not lifted fears over manufacturing cooling down from recent highs.
Industrial production was up by 7.4 per cent on the previous year, according to Economic Development Board data out on Thursday. It beat economists' expectations of 3.3 per cent growth, but still eased from the month before, with the revised figure for May coming in at 12.9 per cent.
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