Singapore Manufacturing Output Figure Grew 4% In October

factory-output-increase-in-october-singapore

As electronic industry lead the scene, factory output in Singapore took a surprise 4% increment last month. Beside electronic sector, pharmaceutical production took a big leap as well, as predicted by analyst.

Biomedical industry continues its streak of 24% growth, after 23.4% jump in the previous month. As a result of higher demand on active pharmaceutical ingredients, pharmaceutical segment saw a 29.6% rise in production output as well.

After 7 months of slump, electronic industry finally saw the light at the end of the tunnel. Out of which, infocomms and consumer product took the lead with 23.8% increase.Analyst noted that the slump in electronic sector may be bottomed out with stabilised demand. With 5G technology getting popular in more countries, that could help in pulling in more orders.

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