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Nikkei Markets

Singapore manufacturing steadies with electronics recovery

Data revive hopes for slight growth this year

Manufacturing accounts for about one-fifth of Singapore's GDP.   © Reuters

SINGAPORE (Nikkei Markets) -- Singapore's factory output contracted from a year ago in December but production of electronics edged higher, reinforcing the view the technology sector could turn around in coming months.

According to data from the Economic Development Board, output from the city-state's factories and shipyards slipped 0.7% during the month, roughly in line with Refinitiv's estimate for a 0.8% decline.

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