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Singapore factory output surprises with 13.8% jump in May as chip demand surges

The Straits Times LogoThe Straits Times3d ago

Singapore factory output surprises with 13.8% jump in May as chip demand surges

Quick Summary

June 24, 2022 1:03 PM - SINGAPORE - Singapore's manufacturing output performed much better than expected in May, bolstered by strong demand for semiconductors from data centres and 5G markets.

Cumulatively, the electronics cluster grew 17.3 per cent for January to May this year compared to the same period a year ago.

General manufacturing expanded 9 per cent, with all segments recording an increase in output.


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Article Details & Transparency

Category: BusinessFinance

Topics: Higher Singapore Surprises Output Year Manufacturing Grew Cent Cluster Factory Demand

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: straitstimes.com

Readership Location: Singapore

Published Date: 2022-06-24, 13:03:52

News Timezone: GMT +8:00

Language: English

Original Article Length: 644 words

Reading Duration: 4 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 484879

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About Publisher

The Straits Times Logo

Name: The Straits Times

Main Topics: BusinessFinance

Official Website: straitstimes.com

Update Frequency: 8 posts per day

Last Update: 6h ago

Headquarters: Singapore

Coverage Areas: Singapore

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #221

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