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Singapore's manufacturing output rose 14.6% in October
The electronics cluster led the growth with a 45.1% expansion.
Singapore's manufacturing output increased by 14.6% YoY in October 2017, the Economic Development Board (EDB) revealed.
The electronics cluster’s output expanded 45.1% YoY largely driven by the semiconductors segment which posted a robust growth of 64.6%.
The output of the precision engineering cluster grew 23.6% YoY, supported by a 37.8% increase in the precision modules & components segment. EDB said there was a higher production of dies, moulds, tools, jigs & fixture, optical instruments, and metal precision components.
The chemicals cluster’s output also increased 15.0% YoY. The petrochemicals segment grew 33.6%, mainly attributed to the low base in October last year as some plants had their maintenance shut down.
The output of the general manufacturing industries cluster increased 15.5% YoY, thanks to the food, beverages & tobacco segment, which grew 42.3% with higher production of beverages and milk products.
Meanwhile, the transport engineering cluster’s output shrank 3.8% YoY. The aerospace segment grew 14.7%, whilst the land transport and marine & offshore engineering segments fell 6.9% and 18.4%, respectively.
"The marine & offshore engineering segment remained weak with low levels of rig-building, shipbuilding and repair activities," EDB said.
The output of the biomedical manufacturing cluster saw the largest decline at 24.2% YoY. The pharmaceuticals segment's 36.1% decline offset medical technology's 13.7% increase.
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