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Singapore Manufacturing Output Unexpectedly Rebounds In February

Singapore's manufacturing output grew in February, defying expectations for further decline, data from the Economic Development Board showed on Tuesday.

Manufacturing output rose 0.7 percent year-on-year in February, reversing a 0.4 percent fall in January. Economists had expected the production to fall 0.4 percent again.

On a month-on-month basis, manufacturing output fell 4.1 percent in February, after a 3.1 percent rise in the previous month.

Economists had expected a 2.6 percent fall in production.

Excluding bio-medical, manufacturing output fell 1.6 percent from a year ago and eased 0.1 percent from the previous month.

Among the different clusters, precision engineering and electronic clusters dropped, while the rest of the manufacturing clusters expanded.

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