Chart of the Day: Strong electronics sector boosts industrial output

It grew 49.4% in the past month.

The strong manufacturing output in December is largely led by the robust electronics sector, according to the latest statistics from EDB Singapore.

The electronics cluster’s output increased 49.4% in December 2016 on a YoY basis. Growth in the cluster was largely supported by the semiconductors segment, which recorded an increase in output of 94.0%. For the whole of 2016, output of the electronics cluster expanded 15.9% compared to 2015

Meanwhile, the output of the biomedical manufacturing cluster grew 44.9%, precision engineering increased 6.1%, chemicals' output rose 4.1%, and general manufacturing grew 2.0%.

It was only the transport engineering cluster which clocked a decline at 10.5%.