25 Mar 2022 , 11:30 AM
Singapores manufacturing production grew 17.6% on year in February, sharply picking up from an upwardly revised 2.4% rise in the prior month. The latest reading pointed to the fifth straight month of increase in manufacturing output and the strongest pace since last June, as an improvement in the COVID-19 situation gained traction. On a monthly basis, manufacturing output unexpectedly rose 16.6%, the most in nearly two years, after a downwardly revised 10.4% fall in January.
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