Singapore factory output grows 14.3% in December, up 7.3% for 2020

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(The Straits Times)

Singapore’s manufacturing output extended its rebound in December and notched another month of better-than-expected performance, with electronics, chemicals and precision engineering driving growth.

Factory output expanded 14.3 per cent year on year last month, according to data by the Economic Development Board (EDB) released on Tuesday (Jan 26).

This beat the median forecast of economists polled by Bloomberg who tipped growth of 12 per cent.

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