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Singapore's manufacturing output growth drops to 2 pct in January

SINGAPORE
2022-02-25 13:23

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SINGAPORE, Feb. 25 (Xinhua) -- The Singapore Economic Development Board (EDB) said on Friday that the country's manufacturing output increased 2 percent year-on-year in January 2022, compared to a revised 16.7-percent increase last December.

Excluding biomedical manufacturing, the output grew 4.7 percent year-on-year in January, compared to a 5.9-percent growth in the previous month.

On a seasonally adjusted month-on-month basis, Singapore's manufacturing output decreased 10.7 percent in January. Excluding biomedical manufacturing, output fell 0.2 percent.

As for the performance of different clusters, the electronics cluster's output rose 0.1 percent year-on-year in January this year. The chemicals cluster's output declined 2.3 percent year-on-year in January. The precision engineering cluster's output grew 11.6 percent year-on-year in the month.

The transport engineering cluster's output increased 16.2 percent year-on-year in January. The general manufacturing cluster's output rose 17.4 percent year-on-year last month. The biomedical manufacturing cluster saw its output declined 10.6 percent year-on-year in January, compared to a revised 90.5-percent growth last December.
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