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Singapore's industrial output up

Singapore's industrial output picked up in September thanks to the strong performance of its pharmaceutical sector.

Factory activity was 5.1% up on the month and 26.2% higher on the year. That will be of some comfort after a recent tumble in its GDP reading. However reading deeper into the data the picture becomes a bit more murky.

Once you strip out biomedical sales - which are notoriously volatile - you find that other output actually shrank over the month.

Mariko Oi reports.

  • 26 Oct 2010
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