SINGAPORE – Singapore’s industrial output grew 12.4% year-over-year in July, as the key electronics sector continued to recover.
 
Singapore’s electronics manufacturing output dropped 5.6% for the month, a big improvement on the 19.2% drop in June.
 
Sequentially, industrial output grew a seasonally adjusted 23%; this contrasts with a revised 9% drop seen in June.
 
Year-to-date, industrial output fell 10.3% compared to the same seven months in 2008.