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Singapore May factory output up 5.0 pct y/y on electronics strength
June 23, 2017 / 5:00 AM / 5 months ago

Singapore May factory output up 5.0 pct y/y on electronics strength

SINGAPORE, June 23 (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)

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