SINGAPORE, June 24 Reuters Singapore39;s industrial output in May beat forecasts and grew 13.8 yearonyear, due to strong demand from 5G markets and data centres amid a global semiconductor chip shortage, official data showed on Friday.

Economists had expected a 5.8 yearonyear increase in May, according to a Reuters poll.

On a monthonmonth and seasonally adjusted basis, industrial production was up 10.9 in May. Economists had forecast 2.8 growth.

Reporting by Chen Lin in Singapore Editing by Ed Davies

Source Reuters