RTTNews - Singapore's manufacturing output grew a seasonally adjusted 24.7% month-on-month in April, following a revised 15.1% drop in the previous month, a report by the country's Economic Development Board said Tuesday. Economists expected output to rise 6.3%.
Year-on-year, the manufacturing output slipped 0.5% in April, much slower than a revised 32.8% fall recorded in March. Economists expected a decline of 21%.
For the first four months of the year, manufacturing output declined 19.1% from the corresponding period in the previous year.
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