Singapore factory output growth rebounds sharply to 17.6% in February

This was the biggest year-on-year growth for manufacturing in eight months. - Bloomberg

SINGAPORE (The Straits Times/Asia News Network): Singapore manufacturing posted a surprisingly strong jump in February after anaemic growth the month before as a rebound in chip production drove up output in the key electronics sector.

On a year-on-year basis, factory output increased by 17.6 per cent last month, a jump from the revised 2.4 per cent growth posted in January - and far above the 6.3 per cent rise expected by analysts in a Bloomberg poll.