Singapore's manufacturing output down 4.7% in February

Biomedical manufacturing was the only bright spot.

Singapore's manufacturing output declined 4.7% year-on-year in February, according to data released by the Economic Development Board (EDB).

Excluding biomedical manufacturing cluster—where output expanded by 5.8% year-on-year—overall manufacturing output would have declined by a steeper 7.4%.

Output of the precision engineering cluster decreased 7.5% year-on-year in February, while output of the electronics cluster dropped by 8.4%. Output of the general manufacturing cluster was fairly flat, while output of the chemicals cluster rose 5.8%.

On a three-month moving average basis, manufacturing output declined 5.8% in February, compared to a year ago. On a seasonally adjusted month-on-month basis, manufacturing output decreased 4.8%. Excluding biomedical manufacturing, output fell 2.1%.

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