Singapore output reverses slide in April, but sustained upturn unlikely
0.1% growth beats forecasts of 3.5% contraction; continued weakness seen in electronics, precision engineering
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Janice Heng
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Singapore
SINGAPORE'S manufacturing output edged back into growth territory in April, up 0.1 per cent year-on-year, contrary to economists' expectations of a 3.5 per cent fall, and improving from March's revised figure of a 4.3 per cent contraction.
But excluding the volatile biomedical manufacturing cluster, output was actually down 2.1 per cent, according to Singapore Economic Development Board (EDB) figures released on Friday. Economists are not holding their breath that the upside surprise will be sustained.
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