Singapore’s manufacturing output increased by 8.9% in February
The sector had a successful month despi...
The manufacturing industry’s output in Singapore grew by 8.9% in February compared to the same month in 2017.
The sector had a successful month despite Chinese New Year falling in February this year.
In regards to a seasonally adjusted month-on-month basis, manufacturing output fell by 0.5%.
However, according to the Economic Development Board, the industry’s output grew by 1.3% if biomedical manufacturing is disregarded.
Electronic manufacturing grew by 17.4% from February 2017, with semiconductors rising by 26.7%.
General manufacturing output fell by 6.3% in the review period, which is anticipated to be linked to Chinese New Year.
Biomedical manufacturing saw a year-on-year rise of 8.4%, linked to the 15.2% increase of pharmaceutical manufacturing output.
The industry’s chemical sector saw output growth of 8% in the review period, with petrochemicals leading the rise with a 17% increase.
Throughput of petroleum increased by 7.8% in February from the previous year, whilst transport engineering production rose by 5.4%.
Due to an increased need for repairs and maintenance work, the aerospace sector saw output increase by 57.2%.