Singapore’s March manufacturing output is up 43% on year, faster than expected, on robust growth in electronics, pharmaceuticals sectors.

Result beats +30.3% forecast in Dow Jones poll of seven economists.

Economic Development Board revises February growth downward to +17.9% on year vs +19.1 reported last month. Seasonally adjusted output down 1.5% on month, compared with down 7.9% predicted by poll.

Data unlikely to prompt fresh MAS tightening as numbers already factored in 1Q GDP estimates.

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