Singapore manufacturing growth back in double digits
Singapore’s manufacturing output to September 2010 was up 26.2% on last year, exceeding forecasts and helped mainly by the pharmaceutical/biomedical and precision engineering sectors.
Forecasts had predicted a manufacturing increase of 18.9%, having grown only 7.7% in August 2010. But active pharmaceutical ingredient production came to the rescue with 53.8% growth and total biomedical output was up 43.5%, having declined in the previous two months. Precision engineering grew 42.9%. Minus biomedicals, Singapore’s total manufacturing output rose 20.4%.
source & article: Channel NewsAsia
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