Singapore Factory Output Rises

Singapore’s industrial output maintained its pace in March, raising hopes that the manufacturing rebound will bolster the island nation’s economy, Fox Business reported. Industrial production rose 10.2% year over year last month, the same pace as in February, according to government data released Wednesday. This marked the eighth consecutive month of rising output, helped by rising orders for Singapore’s electronics industry in recent months after more than two years of weak demand. Measured month over month on a seasonally adjusted basis, industrial production rose 5.0% in March, reversing a 5.8% decline in February.