Excluding contributions from biomedical manufacturing, the expansion in manufacturing output widened to 14.9% y-o-y, according to data released by Singapore’s Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry (MTI).
Singapore’s manufacturing output expanded for the fifth consecutive month in March, with a 7.6% y-o-y growth thanks to the electronics boom.
The latest showing is a slowdown from February’s 16.5% surge, but is still stronger than the 4.7% growth rate estimated by private-sector economists in a Bloomberg poll.
