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.
For comments and feedback: editorial@rttnews.com