Singapore factory output up 2.9% in April

On back of strong biomedical output.

Singapore’s manufacturing output rose 2.9% on a year-on-year basis in April, boosted by a 14.9% surge in biomedical output.

Biomedical production increased on back of a 17.7% growth in pharmaceutical output. Excluding biomedical manufacturing, total factory output fell by 0.1%.

On a seasonally adjusted month-on-month basis, manufacturing output increased 4.8% in April 2016. Excluding biomedical manufacturing, output grew 5.1%.

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