Local Factory Output Figure Took Surprise 4% Leap In October

factory-output-increase-in-october-singapore

Infocomms and Consumer Electronic sector was the main surprise by moving 23.8% more stock last month. Beside this, pharmaceutical industry is still the performer by increasing 29.6% in volume. Meanwhile, general manufacturing including food, beverages and tobacco segment also witnessed 14.2% higher in output.

Analyst from financial institution noted that the data is encouraging, and the growth will also be dependent on global financial situation as well as the trade war status.

Source: https://www.straitstimes.com/business/economy/singapore-factory-output-surprises-with-4-rise-in-october-as-electronics-returns-to?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_PM&utm_term=Singapore+factory+output+surprises+with+4%25+rise+in+October+as+electronics+returns+to+growth&utm_content=26%2F11%2F2019

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