Singapore's January factory jump may prove short-lived
Analysts expect knock-on effects from Covid-19 epidemic on global supply chains and end-market demand
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Singapore
SINGAPORE'S factory output turned in a surprise rise in January on a surge in biomedical manufacturing, even as electronics remained in contraction, according to preliminary figures from the Economic Development Board (EDB) released on Wednesday.
Snapping a two-month losing streak, industrial production rose by 3.4 per cent year on year, against the expectations of a 5.8 per cent drop from economists in a Bloomberg poll.
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