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Nikkei Markets

Singapore factory output beats forecasts, concerns remain

Disappointing exports data, trade tensions prompt caution

Singapore's shipments of electronics fell 12.3% on year in February, declining for the third consecutive month.   © Reuters

SINGAPORE (Nikkei Markets) -- Singapore's factories performed better than expected in February but the data drew mixed views on the outlook, tempered by the likelihood of trade-related tensions and the dominance of semiconductors.

According to the Economic Development Board, production from factories and shipyards in the city-state increased 8.9% year-on-year in February, beating the consensus estimate for growth of 4.2%. The gain was slower than January's expansion of 16.9%, a downward revision from 17.9% earlier.

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