Singapore October factory output rises 14.6 percent

Image
Reuters SINGAPORE
Last Updated : Nov 24 2017 | 10:45 AM IST

SINGAPORE (Reuters) - Singapore's industrial production rose for a fifteenth straight month in October, driven by a continued surge in electronics output, data showed on Friday.

Manufacturing output in October rose 14.6 percent from a year earlier, data from the Singapore Economic Development Board showed, after growing a revised 14.4 percent in September. The median forecast in a Reuters survey predicted a 15.5 percent expansion.

Electronics output in October rose 45.1 percent on-year after growing 33.1 percent in September.

On a month-on-month and seasonally adjusted basis, industrial production rose 0.7 percent in October after a revised 1.0 percent fall in September. The median forecast was for a rise of 1.5 percent.

(Reporting by Fathin Ungku; Editing by Sunil Nair)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 24 2017 | 10:36 AM IST

Next Story