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.
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