Singapore's industrial production growth accelerated in June, figures from Economic Development Board showed Friday.
Industrial output grew 8.0 percent year-on-year in June, faster than the 3.6 percent rise in May. The growth rate exceeded forecast of 7.1 percent.
Excluding biomedical manufacturing, production advanced 8.2 percent.
Precision engineering output surged 18.9 percent and biomedical manufacturing climbed 11.3 percent. Transport engineering and electronics grew 9.2 percent and 6.6 percent, respectively. Chemical output was up 1.1 percent. By contrast, general manufacturing shrank 11.6 percent.
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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.