PREVIEW: Singapore's industrial production likely rose 5.1% on year in April vs a 3.4% contraction in March primarily due to a spurt in pharmaceutical output and a lower base of comparison last year, according to a median forecast of 11 economists polled by Dow Jones. Citigroup economists say in a note that in light of a recent Economic Development Board Survey of business expectations forecasting a surge in biomedicals industrial production in 2Q, they expect to see a small on-month increase in biomedicals production, with domestic purchasing managers' index indicators still appearing positive despite some softening. Measured on-month in seasonally adjusted terms, output is likely to have expanded by a median 1.1% in April after a 2.7% rise in March, according to eight of the economists polled. The Economic Development Board will release industrial output data for April on Friday at 0500 GMT.
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