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Nikkei Markets

Singapore manufacturing grows at 11-month high, tech recovers

Recent data suggest economy may grow faster than expected

Singapore's economy has slowed sharply over the past year, hurt by disruptions caused by the ongoing trade war between the U.S. and China as well as weakness in the global electronics industry.   © Reuters

SINGAPORE (Nikkei Markets) -- Singapore's factories recorded their best performance in nearly a year in October as output of pharmaceuticals surged and that of electronics edged higher, strengthening signs of a recovery.

Latest data showed the city-state's manufacturing output rose 4.0% in October from a year ago, coming in well ahead of forecasts. It is the largest percentage increase since November 2018.

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