Industrial production in Singapore jumped during the month of November, in over 2-1/2 years and largely exceeding what markets had initially anticipated.
Singapore’s Industrial production surged 11.9 percent year-over-year in November, much faster than the 1.3 percent climb in the previous month, data released by the Economic Development Board showed Friday.
This was the fourth consecutive monthly increase. Economists had expected the growth to accelerate to 1.6 percent. Excluding biomedical manufacturing, output climbed by 6.4 percent. Among components, majority of the clusters registered an expansion in output except for general manufacturing and transport engineering clusters.
Output of biomedical manufacturing grew the most by 34.8 percent on year, followed by the electronics cluster's output with 24.2 percent gain. Meanwhile, month-on-month, industrial production rose a seasonally adjusted 6.1 percent in November, after remaining flat in the preceding month.


New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns
South Korea Warns Weak Won Could Push Inflation Higher in 2025 



