Singapore industrial output rises in August

SINGAPORE (AP) - Singapore's industrial output grew by 11.8 percent on year in August, as pharmaceutical and transport engineering output surged to offset another weak performance from electronics. 

Seasonally adjusted, August's industrial output rose 2.5 percent from the previous month, the Economic Development Board said in a statement. 

Output from the volatile biomedical sector rose 45.4 percent in August from a year earlier _ the fastest pace this year after rising 14.5 percent on year in July. 

Within the biomedical sector, drugs output rose 52.3 percent in August from a year earlier. Output from the electronics sector, which is a third of industrial output, fell 0.9 percent in August from a year earlier after rising only 1.8 percent on year in July. 

Transport engineering picked up pace from July, led by orders for offshore oil rigs made by companies like Keppel Corp. and Sembcorp Marine Ltd. 

Output from the transport engineering sector rose 27.8 percent on year in August, faster than July's 17.6 percent pace. - AP

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