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<Econ> Singapore Mar Industrial Output +10.1% YoY, Beating Forecasts
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According to data released by the Singapore Department of Statistics, Singapore's industrial output in March rose 10.1% YoY, beating market expectations of a 6% increase. The previous reading was revised upward to a gain of 3.3%. Excluding the more volatile biomedical manufacturing segment, Singapore's industrial output in March increased 13.5% YoY, compared with a previous increase of 7.6%. On a seasonally adjusted basis, Singapore's industrial output in March rebounded 4.7% MoM, surpassing market expectations of a 2% increase. The previous figure was significantly revised upward to a decline of 1.2%. Excluding biomedical manufacturing, industrial output rose 3.5% MoM, compared with a previous decline of 2.9%. (da/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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