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Singapore output misses forecast – Retail in Asia

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Singapore output misses forecast

Singapore’s manufacturing output grew in February after slumping in January, but at a pace slower than analysts had expected despite improved showings in the electronics and biomedical sectors, suggesting the central bank still needs to attend to growth concerns amid stubbornly high inflation.

Manufacturing output increased 12.1 percent in February from the same month a year earlier, data released Monday by the Economic Development Board showed. That compared with a revised 9.6 percent drop in January, but missed the median 15 percent rise forecast by 13 economists polled by Dow Jones Newswires.

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