Biomedical segment lifts Singapore’s manufacturing output in September

Excluding the segment, overall output would have decreased by 7.6% MoM.

Singapore’s manufacturing output rose by 9.8 YoY in September, EDB Singapore revealed.

On a sequential basis, manufacturing output in September remained largely unchanged from August.

Excluding biomedical manufacturing, which recorded a 62.0% YoY expansion, manufacturing output in September would have increased by only 4.5% YoY and decreased by 7.6% MoM.

All other sectors saw increases in output, except transport engineering, which recorded a 1.9% YoY contraction, driven by declines in aerospace (2.9% YoY) and marine & offshore engineering (9.8% YoY) segments.

The outputs of Precision Engineering, General Manufacturing, Chemicals, and Electronics improved in September by 14.7% YoY,  8.1% YoY, 3.4% YoY, and 1.9% YoY, respectively.