Robust factory output signals upward revision in Singapore's GDP

A revision of 2.7% is likely to happen, analysts say.

A report from Reuters said Singapore's industrial production rose faster than expected in March from a year earlier, thanks to a continued surge in the electronics sector, data showed on Wednesday, pointing to a possible upward revision in the city-state's first quarter GDP.

Manufacturing output in March rose 10.2% from a year earlier, data from the Singapore Economic Development Board showed, exceeding the median forecast in a Reuters survey of a 7.1% expansion on-year. Industrial production on a month-on-month and seasonally adjusted basis also rose more than expected at 5.0% in March. The median forecast was for a rise of 0.9%.

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