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Singapore's manufacturing output rose 8.5% year-over-year, led by electronics, but fell 0.4% from October.
Singapore's manufacturing output rose by 8.5% year-over-year in November, driven by a 26.2% surge in the electronics sector.
Despite this growth, other sectors like chemicals, transport engineering, and biomedical manufacturing saw declines.
The overall output decreased by 0.4% from October, falling short of economists' expectations of a 9.7% expansion.
The Ministry forecasts full-year growth for 2024 at around 3.5%, with 2025 growth expected between 1% and 3%.
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La producción manufacturera de Singapur aumentó un 8,5% año tras año, liderada por la electrónica, pero cayó un 0,4% desde octubre.