Manufacturing

In Q1, rents and prices grew 1.0% QoQ, and 3.1% QoQ, respectively.

Lower margins stemmed from decrease in average selling price.

This after the Purchasing Manager’s Index showed higher input prices in April 2022.

It went up to 3.85 cents from 3.80 cents.

The Purchasing Manager's Index edged up to 0.2.

In Q1, the sector posted an above-estimate growth of 7.1%.

The increase was due to the output growth in four of the six clusters.

The facility is expected to benefit at least 200 food manufacturers.

Forecast suggests that CPO prices will remain elevated for 1H22.

Looking ahead, analysts said the road will be “bumpy” for the manufacturing sector.

The manufacturing industry has been the engine of Singapore’s economic growth since its inception. In 2018, the city-state was singled out as one of...

Electronics manufacturing expanded amidst the global chip shortage.

Ixom was acquired by Keppel in 2019.

The improvement will be driven by the easing of the global component shortage.

The softer financial performance was due to normalising average selling prices.

Manufacturing output has been recovering steadily since April 2020.