Singapore’s manufacturing output rises 9.1% in January

Excluding biomedical manufacturing, output rose 7.3%.

Singapore’s manufacturing output grew 9.1% year-on-year in January 2025, as per data from the Singapore Economic Development Board.

Excluding biomedical manufacturing, output rose 7.3%. On a three-month moving average basis, output increased 8.3%. Seasonally adjusted, month-on-month output rose 4.5%, or 4.2% excluding biomedical manufacturing.

The biomedical manufacturing sector recorded the highest growth at 19.3%, driven by a 33.6% surge in pharmaceutical production due to a different mix of active pharmaceutical ingredients and higher biological product output. However, medical technology output declined 3.5% amid weaker export demand for medical devices.

The electronics sector also grew 18.9%, driven by strong demand for semiconductors (17.9%), infocomm & consumer electronics (47.8%), and computer peripherals & data storage (15.4%). The other electronic modules & components segment declined 15.9% due to weak global automotive demand.

Moreover, transport engineering output increased 3.8%, with aerospace up 5.2% due to higher commercial airline maintenance work. Land transport and marine & offshore engineering also grew 1.4% and 0.6%, respectively. General manufacturing declined 1.7%, as gains in food, beverages & tobacco (7.5%) were offset by declines in printing (8.8%) and miscellaneous industries (13.8%).

Meanwhile, the chemicals sector contracted 2.4%. Petroleum output rose 7.2%, while petrochemicals and specialty chemicals fell 3.9% and 19.4%, respectively, due to lower production of mineral oil additives and biofuels. Precision engineering declined 7.5%, with precision modules & components down 3.6% and machinery & systems down 8.0%, impacted by weaker semiconductor equipment and measuring device production.

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