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Singapore’s manufacturing output surged a record 58.6 percent year-on-year in May on increased orders for electronics goods and biomedical devices from Europe. Strong demand for pharmaceuticals also played a role.

The Economic Development Board of Singapore reported that manufacturing output increased 24.3 percent in April 2010 on a seasonally adjusted month-on-month basis. The surge in production is due, in large part, to an upswing in production in the volatile biomedical sector. Excluding biomedical manufacturing, industrial production climbed 31 percent.

Singapore's manufacturing output increased 3.6 percent in October over a year ago, government statistics showed today.