Indonesian Political, Business & Finance News

S'pore manufacturing grows

S'pore manufacturing grows

SINGAPORE (AFP): Singapore's manufacturing output grew by 14.2 percent in November last year compared to the previous year, boosted by higher growth in its electronics, machinery and industrial chemicals industries.

The electronics sector grew by 23.1 percent on strong demand from the United States for disk drives, semiconductors and consumer electronics, a statement from the Economic Development Board (EDB) said.

Output of machinery grew 31.9 percent in November while the industrial chemicals sector was up by 41.2 percent.

Cumulative manufacturing output for January to November 1994 went up by 13.1 percent over the same period the previous year, said the EDB.

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