Singapore's electronics segment dragged February industrial production down

Output crashed by 21.1%.

According to Maybank Kim Eng, industrial Production (IP) in Feb 2013 slumped by -16.6% YoY as all major clusters registered contractions, and in tandem with the earlier released NODX drop and partly reflecting the extended factory closures due to Lunar New Year festivity.

MoM, IP dropped by -11.3% while the seasonally adjusted measure posted a marginal decline of just -0.7%.

For the first two months of this year, IP was down by -8.6% YoY compared to +0.3% YoY registered over the corresponding period in 2012.

Here's more from Maybank Kim Eng:

“Electronics” was the main culprit. The slide in electronics output approached its second year as it fell by -21.1% YoY in Feb 2013.

Data Storage segment distorted headline figures as a result of last year’s high base created from the ramp up in production to compensate global supply disruptions due to flooding in Thailand.

The other subsegments which contracted last month included Infocomms Products & Consumer Electronics, Computer Peripherals and Semi-Conductor.

The notable exception was output of Other Electronic Modules or Components (Feb 2013: +11.7% YoY; Jan 2013: +19.1% YoY) which gained for a sixth straight month.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia