SINGAPORE (AP) -- Singapore's manufacturing jumped in August, suggesting the city-state's economy will likely grow for a second straight quarter in the July to September period.
Industrial production rose 12.3 percent from a year earlier following a 17 percent jump in July, the Trade and Industry Ministry said in a statement Friday. Manufacturing in August fell a seasonally adjusted 5.6 percent from July.
Pharmaceuticals production, which accounts for about a fifth of Singapore's industrial production, rose 108 percent from a year earlier while electronics, which is about a fourth of manufacturing, fell 6.4 percent, the ministry said.
Gross domestic product expanded an annualized seasonally adjusted 20.7 percent in the second quarter, the first growth in a year.