Singapore May factory output up 5.0 percent on electronics strength

SINGAPORE (Reuters) - Singapore's industrial production in May grew for the 10th consecutive month from a year earlier, helped by strong electronics output, data showed on Friday.

Manufacturing output in May rose 5.0 percent year-on-year, data from the Singapore Economic Development Board showed, slower than the median forecast in a Reuters survey for a 7.4 percent expansion.

Electronics output grew 35.1 percent year-on-year in May, although cooling from a revised 48.2 percent annual growth from the month before.

On a month-on-month and seasonally adjusted basis, industrial production fell a more-than-expected 3.5 percent in May. The median forecast was for a contraction of 0.7 percent.

 

(Reporting by Fathin Ungku; Editing by Shri Navaratnam)