Singapore's manufacturing production recovered strongly at a faster than expected pace in April due to a surge in biomedical output, data showed Thursday.
Manufacturing production advanced 4.7 percent year-on-year in April, reversing last month's 3.8 percent fall, the Economic Development Board reported. Economists had forecast only 1.6 percent increase.
Output of the biomedical manufacturing cluster surged 44.7 percent in April. Excluding biomedical manufacturing, overall output was down 2.7 percent.
On a seasonally adjusted month-on-month basis, manufacturing output grew 2.5 percent in April. Although the rate was slower than the 6.8 percent increase logged in March, it exceeded the 0.5 percent rise forecast by economists.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.