, Singapore
Photo by Skitterphoto via Pexels

Manufacturing output drops 4.2% YoY in March 

Excluding biomedical manufacturing, the output would have fallen by 6.0% YoY.

Manufacturing output declined by 4.2% YoY in March 2023, data from the Economic Development Board (EDB) showed.

Excluding biomedical manufacturing, whose output grew 7.0% YoY, the output would have fallen by 6.0% YoY.

According to the EDB, the biomedical manufacturing output increased due to expansion in the medical technology segment, which grew 18.0% YoY.

Biomedical manufacturing and transport engineering (+23.5% YoY) were the only clusters to record output increases in March.

The output of the rest of the clusters, namely, general manufacturing (-5.6% YoY), precision engineering (-7.1% YoY), electronics (-8.0% YoY), and chemicals (-11.8% YoY), contracted in March.

Follow the link for more news on

Join Singapore Business Review community
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!