Forbes.com, 26 Jun 2009, Associated Press
SINGAPORE -- Singapore's manufacturing rose for a second month in May as pharmaceutical production more than doubled amid signs a severe recession is loosening its grip on the Southeast Asian city-state.
Industrial production rose 2 percent from a year earlier and fell a seasonally adjusted 1.6 percent from April, the Trade and Industry Ministry said Friday. Manufacturing rose a revised 0.4 percent in April after falling the previous six months.
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Related:
Singapore manufacturing rises for second month - Taiwan News
Singapore’s Production Unexpectedly Gains on Pharmaceuticals - Bloomberg.com
