Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • Bitcoin USD

    60,602.04
    -1,577.73 (-2.54%)
     

  • CMC Crypto 200

    1,254.40
    -103.61 (-7.37%)
     

  • S&P 500

    5,220.80
    +6.72 (+0.13%)
     

  • Dow

    39,493.25
    +105.49 (+0.27%)
     

  • Nasdaq

    16,336.18
    -10.09 (-0.06%)
     

  • Gold

    2,375.30
    +35.00 (+1.50%)
     

  • Crude Oil

    78.36
    -0.90 (-1.14%)
     

  • 10-Yr Bond

    4.5020
    +0.0530 (+1.19%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Singapore August manufacturing surges 13.7% y/y, beats forecasts

Reuters SG
Updated ·1-min read
Singapore August manufacturing surges 13.7% y/y, beats forecasts

SINGAPORE, Sept 25 (Reuters) - Singapore's industrial output rose 13.7% year-on-year in August, beating economists' expectations, buoyed by a 44.2% jump in electronics production, official data showed on Friday.

Economists had expected a 4.6% increase, according to the median of their forecasts in a Reuters poll. Industrial production marked its first rise after three straight months of contraction on an annual basis.

On a month-on-month and seasonally adjusted basis, industrial production increased 13.9% in August, data from the Singapore Economic Development Board showed. Economists had expected a 2.6% rise. (Reporting by Chen Lin and Aradhana Aravindan in Singapore; Editing by Rashmi Aich)