Singapore’s manufacturing output has climbed 2% y-o-y for the month of January, according to data released by the Singapore Economic Development Board (EDB) on Feb 25.
Excluding biomedical manufacturing, output grew 4.7% y-o-y.
However, on a seasonally adjusted month-on-month (m-o-m) basis, manufacturing output fell by 10.7%.
Excluding biomedical manufacturing, output fell a mere 0.2% m-o-m in contrast.
In January, the general manufacturing cluster saw output increase by 17.4% y-o-y with all segments recording output growth.
Transport engineering output grew 16.2% y-o-y during the month, on the back of increased outputs across all segments. The aerospace segment logged y-o-y growth due to the easing global restrictions while the marine & offshore engineering segment saw y-o-y growth thanks to a higher level of work done in shipbuilding & repairing activities.
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Output for the precision engineering cluster expanded 11.6% y-o-y in January, as machinery & systems segment grew 20.5% due to the higher output of semiconductor equipment, machine tools & accessories and measuring devices. Meanwhile, the precision modules & components segment declined 5.7% with lower output of optical products.
Electronics output inched 0.1% y-o-y higher from the high production base from a year ago. The growth was due to output increases from the infocomms & consumer electronics and other electronic modules & components segments, which were offset by declines in the semiconductors and computer peripherals & data storage segments.
Chemicals output fell 2.3% y-o-y in January, as the chemicals segment declined due to lower output in fragrances. The lower figures were mitigated by growths in petroleum refining and specialties and petrochemicals segments.
Output for the biomedical manufacturing cluster fell 10.6% y-o-y in January. While the medical technology segment expanded with higher export demand for medical devices, the pharmaceuticals segment saw output drop due to the lower production of biological products.
Photo: File photo
