Singapore Factory Output Rises

Singapore’s industrial production grew for the ninth consecutive month in April, thanks to a continued uptick in electronics output, data showed on Friday. Manufacturing output in April rose 6.7% from a year earlier, data from the Singapore Economic Development Board showed, slightly higher than the median forecast in a Reuters survey for 6.4% expansion. Singapore’s trade-reliant economy is expected grow over 2% this year, the government said this week, closer to the top-end of its 1-3% target, mainly helped by improving global demand that has underpinned a bounce in the manufacturing sector.