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

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1610.0000.00%
    N21.SI
    2.23+0.07+3.24%
    MC0.SI
    0.370.00+1.37%
    5ME.SI
    0.22-0.02-6.38%
    RE4.SI
    0.184+0.001+0.55%
    SK3.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.28+0.03+14.29%
    AYV.SI
    0.23+0.02+9.52%
    BTF.SI
    0.475+0.030+6.74%
    43F.SI
    0.52+0.03+6.12%
    BQD.SI
    0.19+0.01+5.56%
    PH0.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.12-0.09-7.44%
    5SR.SI
    0.22-0.02-6.38%
    RE4.SI
    0.675-0.045-6.25%
    564.SI
    0.175-0.006-3.31%
    KJ5.SI
    0.44-0.02-4.35%
    T55.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4250+0.0065+0.46%
    USDSGD=X
    1.5025-0.0088-0.58%
    EURSGD=X
    1.8081+0.0059+0.33%
    GBPSGD=X
    79.6570-0.075-0.09%
    SGDJPY=X
    5.4393-0.0219-0.40%
    SGDHKD=X
    3.1216-0.0043-0.14%
    SGDMYR=X
    9,466.3389-61.4121-0.64%
    SGDIDR=X
    4.8327-0.0159-0.33%
    SGDCNY=X
    1.0614+0.0042+0.40%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,176.70+9.80+0.84%
    GCZ16.CMX
    16.68+0.26+1.57%
    SIZ16.CMX
    82.30+2.99+3.77%
    ^XAU
    2.64+0.01+0.38%
    HGZ16.CMX
    51.18+0.12+0.24%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.83-0.06
    ^FVX
    2.39-0.05
    ^TNX
    3.06-0.03
    ^TYX