Electronics powers 21 per cent jump in factory output

Workers at Add-Plus, an electronics manufacturing company that makes printed circuit boards.
Workers at Add-Plus, an electronics manufacturing company that makes printed circuit boards. PHOTO: ST FILE

Electronics makers were once again the key drivers behind strong factory output last month.

The manufacturing sector surged 21 per cent in July from the same month a year earlier, way ahead of economist expectations of a 12.9 per cent rise. This came on the back of strong global demand for semiconductors and related equipment.

Economists pointed to the latest data as a sign that robust manufacturing growth in the first six months is on track to continue in the second half, but noted that performance across the sector remains uneven.

SEE TOP OF THE NEWS

A version of this article appeared in the print edition of The Straits Times on August 26, 2017, with the headline 'Electronics powers 21% jump in factory output'. Print Edition | Subscribe