RTTNews - Industrial production in Singapore rose 2% year-on-year in May, faster than a 0.4% growth in the preceding month, a report by the country's Economic Development Board said Friday. Economists expected output to drop 3.3%.
Month-on-month, industrial output fell a seasonally adjusted 1.6% in May, after rising 25.9% in April. Economists expected production to fall 3%.
For the first five months of the year, industrial output dropped 15.1%.
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