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Economy

Singapore's Q1 GDP set for upward revision after strong March manufacturing data

SINGAPORE (Nikkei Markets) -- Output from Singapore's factories grew at a better-than-expected pace in March, establishing the resurgence in demand for electronics and pointing to an upward revision to growth estimates for the first quarter of this year.

According to Wednesday's data from the Economic Development Board, industrial production grew 10.2% in March from a year ago, as robust growth in electronics more than offset continued weakness in marine and offshore engineering.

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