Manufacturing output up 0.9% in May, boosted by biomedical production

Biomedical production jumped 13.2% last month.

Singapore's factory production was again salvaged by robust activity in the biomedical manufacturing cluster. Statistics released by the Economic Development Board (EDB) show that manufacturing output rose 0.9% year-on-year in May, boosted by a 13.2% surge in biomedical output.

Excluding biomedical manufacturing, output fell by a steep 2.3%. factory activity in nearly all other clusters—chemicals, precision engineering, general manufacturing, and transport engineering—declined on a yar-on-year basis during the month.

Meanwhile, output of the electronics cluster rose 5.9%, boosted by strong productions in semiconductors and other electronic modules and components.