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Asian Economic News

Singapore Manufacturing Output Recovers In November

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Singapore manufacturing output expanded 3.1 percent year-on-year in November after easing for three consecutive months, Economic Development Board said Wednesday. Economists had forecast output to rise 5.1 percent in November.

On a seasonally adjusted month-on-month basis, manufacturing output grew 1.9 percent in November, following a 1.2 percent rise in October. Excluding biomedical manufacturing, output increased 0.6 percent.

Meanwhile, on a three-month moving average basis, manufacturing output contracted 2.1 percent in November, compared to a year ago.

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