SINGAPORE--Singapore's manufacturing output expanded in May after two months of contraction, as pharmaceuticals production surged and the transport engineering sector enjoyed robust growth, signaling that the island nation's economy is chugging along despite the global gloom.
Output grew 6.6% in May from the same month a year earlier, data released Tuesday by the Economic Development Board showed. That compares with a revised 0.2% contraction in April and the median forecast of a 4.5% expansion in a Dow Jones Newswires poll of 10 economists. Full story
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Singapore May industrial output rises on pharma surge - Yahoo! Finance
