Singapore Oct factory output +1.2 percent y/y; marine and offshore production plummets

SINGAPORE (Reuters) - Singapore's industrial production in October rose slightly more than expected from a year earlier, helped by increases in electronics and pharmaceuticals production, although marine and offshore engineering output plunged.

Manufacturing output rose 1.2 percent from a year earlier in October, data from the Singapore Economic Development Board showed. The median forecast in a Reuters survey tipped a 1.1 percent expansion.

Tempering the increase in overall output was a 46.9 percent year-on-year slide in marine and offshore engineering output.

On a month-on-month and seasonally adjusted basis, industrial production eased 0.1 percent in October. The median forecast was contraction of 0.9 percent.

 

(Reporting by Masayuki Kitano; Editing by Shri Navaratnam)