Singapore's manufacturing rises for the first time in 5 months
- Asian Market
- 2 weeks ago
Singapore manufacturing output beat expectations as it rose by 0.1% year-on-year in September, as most analysts expected a 4.1% drop.
This was the first yearly growth in industrial production since April, on a monthly basis, manufacturing production unexpectedly grew 3.7% in September, compared to consensus of a 0.1% decline and following a downwardly revised 7.3% drop in August.
Source: Smart Trend Team