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Singapore's March manufacturing output jumps 10.1% on-year, buoyed by electronics

08:42 Min

Singapore's March manufacturing output beat expectations to increase 10.1% on-year, prompting some economists to lift first-quarter GDP forecasts. The electronics sector, which makes up more than a third of manufacturing output, grew 30% in March — its strongest performance in 16 months. While electronics propped up overall production, higher energy costs and oil prices are filtering through to growth, leaving a more uneven picture for the manufacturing sector. Beatrice Yap reports.

Singapore's March manufacturing output beat expectations to increase 10.1% on-year, prompting some economists to lift first-quarter GDP forecasts. The electronics sector, which makes up more than a third of manufacturing output, grew 30% in March — its strongest performance in 16 months. While electronics propped up overall production, higher energy costs and oil prices are filtering through to growth, leaving a more uneven picture for the manufacturing sector. Beatrice Yap reports.

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