Singapore’s manufacturing output records slower growth of 2.2% in June
SINGAPORE: Singapore's manufacturing output grew at a slower pace of 2.2 per cent year-on-year in June, dragged by decreases in semiconductor production and pharmaceutical output.
Excluding biomedical manufacturing, factory output in June grew 4.2 per cent year-on-year, data from the Economic Development Board (EDB) showed on Tuesday (Jul 26).
June’s growth is slower than the revised 10.4 per cent year-on-year growth in May.
On a seasonally adjusted month-on-month basis, manufacturing output fell 8.5 per cent in June. Excluding biomedical manufacturing, output declined 6.9 per cent.
CLUSTERS
Output in the transport engineering cluster grew the most in June, expanding 32 per cent year-on-year. The marine and offshore engineering segment rose 44 per cent, supported by a higher level of ...