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Singapore manufacturing buoys economy

Singapore’s manufacturing output rose at a record pace in January, buoyed by strong gains in the electronics and biomedical sectors, indicating that the export-dependent nation is on track toward a broad-based economic recovery.

With last month’s robust numbers, the manufacturing industry is poised to be the locomotive that will fuel the recovery, with some analysts expecting the economy to hit the higher end of the official growth estimate for 2010.

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(Source: The Wall Street Journal Online)