Manufacturing output drops 4.9% in June

Excluding the biomedical manufacturing segment, the output would’ve fallen 5.2%. 

Singapore’s manufacturing output fell 4.8% in June 2023 compared to the same month in 2022, according to the latest data released by EDB Singapore.

Excluding biomedical manufacturing, June’s manufacturing output would have fallen 5.2%.

On a month-on-month comparison, output rose by 5.0%. 

Except for transport engineering, all manufacturing clusters recorded decreases in output, led by precision engineering, which recorded an 11.5% YoY drop.

Output dropped by 8.6% YoY,  7.5% YoY, 2.9% YoY, and 1.8% YoY for chemicals, general manufacturing, electronics, and biomedical manufacturing, respectively.

On the other hand, transport engineering saw a 10.8% YoY increase in output.