SINGAPORE, Sept 26 — The Singapore Economic Development Board (EDB) said on Monday that the country’s manufacturing output increased 0.5 per cent year-on-year in August, compared to a revised 0.8 per cent increase in July and a 2.6 per cent gain in June, reported Yonhap.
Excluding biomedical manufacturing, the output declined 1.2 per cent year-on-year in August, compared to a 3.1 per cent increase in July and a 4.9 per cent increase in June.
On a seasonally adjusted month-on-month basis, Singapore’s manufacturing output rose two per cent in August. Excluding biomedical manufacturing, output declined 2.9 per cent.
As for the performance of different clusters, the electronics cluster’s output declined 7.8 per cent year-on-year in August, with all segments recording a decline in output on the back of softening demand. Meanwhile, the chemicals cluster saw its output decrease 11.2 per cent.
The biomedical manufacturing cluster’s output grew 11.1 per cent in August. The precision engineering cluster’s output gained 2.9 per cent. The transport engineering cluster’s output jumped 32.8 per cent. The general manufacturing cluster’s output increased 18.8 per cent.
— Bernama
