Chart of the Day: Manufacturing growth slows to 8.1%

Three of six subsectors have declining growth contributions.

This chart from the Ministry of Trade and Industry Singapore (MTI) shows that growth for the manufacturing sector has slowed to 8.1% in Q2.

The highest growth was recorded two quarters ago in 4Q16, which hit 11.5%.

Electronics was the highest contributor to manufacturing growth at 10.6%, followed by precision engineering at 1.8%, and chemicals at 0.4%

Meanwhile, three other subsectors suffered a decline in contribution to growth: general manufacturing at -1.0%, transport engineering at -1.1%, and biomedical manufacturing at -2.5%.

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