Singapore May factory output rises 11.1 percent

SINGAPORE (Reuters) - Singapore's industrial production in May rose 11.1 percent from a year earlier, helped by an acceleration in pharmaceutical and electronics output, data showed on Tuesday.

The latest month's manufacturing output was faster than April's 9.1 percent year-on-year increase, data from the Singapore Economic Development Board showed.

On a month-on-month and seasonally adjusted basis, industrial production expanded 0.4 percent in May, compared with a revised 0.5 percent increase in the previous month.

Electronic output rose 17.1 percent year-on-year in May, faster than the 11.0 percent climb in the previous month.

Pharmaceuticals manufacturing spiked 19.2 percent during the month, versus a 10.7 percent rise in April.

 

(Reporting by Aradhana Aravindan and John Geddie; Editing by Sunil Nair)