SINGAPORE, Jan. 26 (Xinhua) -- Singapore Economic Development Board (EDB) announced on Tuesday that the country's overall manufacturing output increased 7.3 percent in 2020 over 2019.
Excluding biomedical manufacturing, the output grew 3.7 percent year on year in 2020.
As for the performance of different clusters, the electronics cluster's output grew 11.9 percent year on year in 2020, while the biomedical manufacturing cluster saw its output surged 23.7 percent, the chemicals cluster's output declined one percent, the precision engineering cluster's output grew 10.6 percent, the transport engineering cluster's output decreased 25.7 percent, and the general manufacturing cluster's output contracted 11.3 percent.
In December 2020, Singapore's manufacturing output increased 14.3 percent on a year-on-year basis and 2.4 percent on a seasonally adjusted month-on-month basis.
Among the manufacturing clusters, the electronics cluster's output grew 41.8 percent year on year in December 2020. EDB attributes the growth to the semiconductor segment and the computer peripherals and data storage segment which grew 51 percent and 9.3 percent respectively. The semiconductor segment was supported by 5G markets and a low production base from a year ago.
The output of the biomedical manufacturing cluster fell 13.2 percent year on year in December 2020, compared to a 46.3 percent expansion in the previous month. In a breakdown, the medical technology segment grew 7.3 percent with higher export demand for a broad based of medical devices, and the pharmaceuticals segment fell 22.8 percent with lower production of biological products.
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