MANUFACTURING | Staff Reporter, Singapore

Singapore's manufacturing output up 1.2% in October

Electronics sector surged 24.6%.

Singapore’s manufacturing output increased 1.2% in October 2016, data from Economic Development Board of Singapore show.

Excluding biomedical manufacturing, output fell 1.4%.

On a seasonally adjusted month-on-month basis, manufacturing output contracted 0.1% in October 2016. Excluding biomedical manufacturing, output fell 1.9%.

The electronics cluster’s output increased 24.6% in October 2016 on a year-on-year basis. Growth in the cluster was largely supported by the semiconductors segment, which recorded an output growth of 41.7%. On a year-to-date basis, output of the electronics cluster expanded 11.7% compared to the same period a year ago.

Output of the biomedical manufacturing cluster increased 11.3% in October 2016, compared to the same month last year.  The pharmaceuticals segment expanded 12.4% mainly due to a different mix of active pharmaceutical ingredients and biological products produced. Output of the medical technology segment also grew 8.2% with higher export demand for medical instruments. 

Cumulatively, the biomedical manufacturing cluster’s output rose 8.7% in the first ten months of the year compared to the same period in 2015. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.