26 Sep '11, 9pm

Straits TimesS'pore August manufacturing output rises on pharmaceuticalsTODAYonlineSINGAPORE - Singapore's indus...

SINGAPORE - Singapore's industrial production grew at the fastest pace in five months in August after output of pharmaceuticals surged, offsetting a slump in electronics manufacturing as global demand weakens. Manufacturing, which accounts for more than one-fifth of the economy, gained by 21.7 per cent from a year earlier after a revised 7.6 per cent increase in July, the Economic Development Board said yesterday. Singapore's industrial production rose a seasonally adjusted 3.9 per cent in August from July, when it climbed a revised 0.4 per cent from the previous month, the report showed. Output in the biomedical sector, which accounts for 19.6 per cent of total manufacturing production, rose by 145.8 per cent from a year earlier, while output from the pharmaceuticals sector grew an even faster 156.7 per cent after a 46.9 per cent expansion in July. Singapore's pharmaceuti...

Full article: http://www.todayonline.com/Business/EDC110927-0000297/Spo...

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