September’s performance an improvement from the 13.7% growth seen in August.
Things have been looking up for Singapore’s factory output, which expanded 24.2% year-on-year in September. This follows strong demand for biomedical products as well as a growth in semiconductor production.
Excluding the biomedical cluster, the increase in output narrowed to 8.5%, according to data released by Singapore’s Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry (MTI).
