Singapore's Factory Output Jumps 16.6% in January

MT Newswires
02/26

Singapore's manufacturing output increased 8.3% year-on-year in January, backed by increased outputs from several clusters, EDB Singapore reported Thursday.

Excluding the volatile biomedical sector, the city-state's factory output jumped 24.1% on year, with the volatile biomedical cluster's output declining 33.1% from a year ago.

Output increased for transport engineering, electronics, chemicals, and precision engineering clusters, while general manufacturing was the only other cluster than biomedical that saw a decline in factory output, the data showed.

On a seasonally adjusted month-on-month basis, manufacturing output increased 5.3% in January. Excluding biomedical manufacturing, output was up 10.8%, it said.

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