Chart of the Day: Q2 manufacturing employment falls for fifteenth straight quarter

Blame crippling conditions in the marine & offshore engineering segment.

Employment in the manufacturing sector contracted by 100 in Q2 to represent a protracted fifteenth straight decline in Q2, according to an economic report fromthe Ministry of Trade and Industry.

Also read: Manufacturing and services slowdown could hurt Singapore economy

The protracted decline in manpower, caused by challenging market conditions in the marine & offshore engineering segment, comes even as manufacturing led the industries in contribution to real GDP growth in Q2 at 1.9%.

Also read: Manufacturing PMI down to 52.3 pionts in July

Employment declines in the manufacturing and construction sector also offset the employment gains in the service producing industries (+2.9%).

Excluding foreign domestic workers (FDWs), employment rose by 7,100 in the second quarter.

By broad sectors, employment in services producing industries rose by 7,700 (including FDWs) on a quarter-on-quarter basis in the second quarter, with the business services (2,900), transportation & storage (2,800) and information & communications (2,700) sectors contributing the most to the increase.

Also Read

Over two-thirds of S’poreans embrace tech and AI-driven change in the workplace

Lack of career progression, not pay, now drives Singapore job exits

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit