Singapore's manufacturing output up 12.6% in February

The electronics cluster posted the highest output increase of 39.8%.

According to the Singapore Economic Development Board, on a year-on-year basis, manufacturing output increased 12.6% in February 2017. Excluding biomedical manufacturing, output grew 17.1%.

Here’s more from EDB:

On a three-month moving average basis, manufacturing output rose 12.8% in February 2017, compared to a year ago.

On a seasonally adjusted month-on-month basis, manufacturing output decreased 3.7% in February 2017 compared to January 2017. Excluding biomedical manufacturing, output fell 3.4%.

The electronics cluster’s output increased 39.8% in February 2017 compared to the same month last year. This was mainly attributed to the semiconductors segment which posted a robust growth of 63.6%.

The other electronic modules & components and infocomms & consumer electronics segments also grew 16.5% and 8.3%, respectively. Cumulatively, output of the electronics cluster increased 30.1% from January to February this year, compared to the same period last year.

More From Singapore Business Review

• Who are the biggest winners in the recent tweaks on property rules?
  

• Singapore eases rules on seller's stamp duties
  

• Here's what will propel the privatisation wave in Singapore this year