, Singapore

Manufacturing output rises 3.4% YoY in March 

The increase was due to the output growth in four of the six clusters.

The manufacturing output grew 3.4% YoY in March, data from EDB Singapore showed.

Excluding biomedical manufacturing, output grew by 9.7% YoY. Biomedical manufacturing posted the biggest decline amongst manufacturing clusters at 26.3%, followed by precision engineering which dropped by 1.4%.

Data from EDB Singapore showed that biomedical manufacturing was dragged by the contraction in its medical technology segment by 7.1%  and pharmaceuticals segment.

On the other hand, the rest of the cluster posted output growth for the month, led by transport engineering which posted a 20.7% increase, followed by electronics (14.5%), general manufacturing (10.2%), and chemicals (0.8%).

Transport generic was carried by the growth in the aerospace segment whose output rose 39.3% on the back of higher production of aircraft parts and more maintenance, repair, and overhaul jobs from commercial airlines

Meanwhile, electronics and general manufacturing clusters were buoyed by output growth in all of their respective segments.
 

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!