Singapore manufacturing output up 18.8pc in April
Afp, Singapore
Singapore's manufacturing output rode strong growth from pharmaceuticals and shipbuilding-related activities to rise 18.8 percent in April compared with the same month last year, the government said Friday. The output beat forecasts by economists who expected growth of between 6.3 and 18.0 percent, and it reversed a revised 2.7 percent contraction in March. After the earlier fall in output, economists had expected a downward revision in the city-state's economic growth expectations. Instead, the government on Monday raised its 2007 growth forecast to 5.0-7.0 percent from 4.5-6.5 percent. On a seasonally adjusted month-on-month basis, industrial output in April rose almost 8.0 percent from March, the Economic Development Board (EDB) said.
|
|
