Manufacturing output declined 0.4% in January

Here’s the main drag.

According to the Department of Statistics, on a year-on-year basis, Singapore’s manufacturing output contracted 0.4% in January 2013. Excluding biomedical manufacturing, output increased 3.3%. 

On a seasonally adjusted month-on-month basis, manufacturing output declined 9.2% in January 2013. Excluding biomedical manufacturing, output fell 4.0%.

Output of the biomedical manufacturing cluster contracted 14.3% in January 2013, compared to the same period a year ago. The medical technology segment expanded 22.2%, on the back of higher export demand for medical devices.

On the other hand, pharmaceuticals output fell 20.0%, attributed to lower production of active pharmaceutical ingredients.

The general manufacturing cluster’s output increased 14.7% in January 2013 on a year-on-year basis. The miscellaneous industries and printing segments grew 25.8% and 1.2%, respectively, mainly due to the low base last year when plants shut down during the Lunar New Year period.  

Output of the precision engineering cluster was 9.1% higher year-on-year in January 2013. The precision modules & components segment expanded 14.9%, with higher production of metal precision components, electronic connectors and optical instruments & photographic equipment. 

Output of the transport engineering cluster grew 5.7% year-on-year in January 2013, with all segments posting higher output. The land transport segment expanded 34.0%, while the marine & offshore engineering segment increased 5.0%, supported by higher output in oilfield related components.

The chemicals cluster’s output rose 2.5% on a year-on-year basis in January 2013. The other chemicals segment expanded 8.3%, on account of higher regional demand for fragrances and flavours. Output of the specialties and petrochemicals segments also grew, by 6.7% and 1.8%, respectively.

In contrast, the petroleum segment declined 5.7%, mainly due to plant shutdowns for maintenance.

The output of the electronics cluster fell 3.4% in January 2013, compared to the same period a year ago. The semiconductors segment reversed from a declining trend to record a growth of 4.3%. However, this was more than offset by declines in the data storage (-5.1%), infocomms & consumer electronics (-11.4%) and the computer peripherals (-26.3%) segments.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2573-0.0008-0.07%
    USDSGD=X
    1.7392-0.001-0.06%
    EURSGD=X
    2.1127-0.0011-0.05%
    GBPSGD=X
    81.4446+0.1526+0.19%
    SGDJPY=X
    6.1666+0.0039+0.06%
    SGDHKD=X
    2.6053+0.0069+0.27%
    SGDMYR=X
    9,262.2803+6.2539+0.07%
    SGDIDR=X
    4.9764+0.0095+0.19%
    SGDCNY=X
    1.1647-0.0006-0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,292.00+1.40+0.11%
    GCM14.CMX
    19.55-0.14-0.73%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.11-0.01-0.40%
    HGK14.CMX
    102.01+0.07+0.07%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    1.150.0000.00%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    0.107+0.001+0.94%
    A53.SI
    3.75-0.010-0.27%
    Z74.SI
    1.17-0.045-3.70%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.58+0.030+5.45%
    H17.SI
    0.141+0.007+5.22%
    S56.SI
    0.135+0.010+8.00%
    I9T.SI
    0.36+0.010+2.86%
    B9S.SI
    0.30+0.010+3.45%
    5TN.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.30-0.015-4.76%
    K29.SI
    0.205-0.010-4.65%
    510.SI
    1.17-0.045-3.70%
    S53.SI
    0.33-0.010-2.94%
    T12.SI
    0.155-0.004-2.52%
    5EL.SI