Singapore manufacturing output eases to 2.2% growth in January

Blame the contraction in biomed and general manufacturing cluster.

Singapore's manufacturing output eased to 2.2% growth in January, following a 21.3% uptick in December. This is due to the contraction in biomed and general manufacturing.

Figures from the Singapore Economic Development Board revealed that excluding the biomedical manufacturing, the output grew 7%.

The precision engineering saw a 24% increase while the electronics recorded 14.8% uptick. Chemicals segment enjoyed a 3.5% growth. On the other hand, transport engineering output fell 3.8%, biomedical saw a 13.5% decline, and general manufacturing reflected a lacklustre 13.8% slump.

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