Manufacturing output dips 0.9% in July
Excluding the biomedical manufacturing segment, the output would’ve grown by 1.7%.
Singapore’s manufacturing output fell 0.9% in July 2023 compared to the same month in 2022, according to the latest data released by EDB Singapore.
Excluding biomedical manufacturing which recorded a 22.6% YoY decline, July’s manufacturing output would have increased by 1.7% YoY.
On a month-on-month comparison, output rose by 4.1%.
In July, half of the clusters recorded output increases: transport engineering (+20.7% YoY), electronics (+5% YoY), and chemicals (+2.3% YoY).
Apart from biomedical manufacturing, the other clusters that recorded output decreases were precision engineering (-7.6% YoY) and general manufacturing (-8.5% YoY).