Singapore factory output beats forecasts with 2.9% rise in May on electronics rebound

SINGAPORE – Singapore’s manufacturing output turned positive in May, fuelled by a rebound in the key electronics sector.

Total output grew a better-than-expected 2.9 per cent year on year in May, after a revised 1.2 per cent drop in April and the 9.2 per cent contraction suffered in March.

Economists in a Bloomberg poll had predicted a 1.4 per cent expansion.