Singapore Factory Output Rises 13%

Singapore’s industrial production in June rose 13.1% from a year earlier, exceeding market expectations, helped by expansion in electronics and pharmaceuticals output, data showed on Wednesday, Reuters reported. The median forecast in a Reuters survey was for industrial production to increase 7.6% from a year earlier. On a month-on-month and seasonally adjusted basis, factory output rose 9.7% in June, data from the Singapore Economic Development Board showed. The median forecast was for an increase of 3.6%.