SINGAPORE’S MANUFACTURING OUTPUT GROWTH REBOUNDS TO 4.3 PERCENT IN OCT

SINGAPORE, Singapore Economic Development Board, announced today (Monday) that, the city-state’s manufacturing output rose by 4.3 percent year on year, in Oct, compared to the revised 0.1 percent decrease in Sept.

Excluding biomedical manufacturing, Singapore’s manufacturing output grew three percent year on year, in Oct, compared to the two percent growth in Sept.

In the first ten months, Singapore’s manufacturing output grew 7.5 percent year on year.

Excluding biomedical manufacturing, it grew 7.9 percent year on year.

On a seasonally adjusted month-on-month basis, Singapore’s manufacturing output hiked two percent in Oct.

Excluding bio-medical manufacturing, output grew 3.9 percent.

On a year-on-year basis, the electronics cluster’s output fell by 2.7 percent in Oct, the chemicals cluster’s output declined by one percent, the transport engineering cluster’s output jumped by 30.8 percent, the bio-medical manufacturing cluster’s output hiked 11.5 percent, the precision engineering cluster’s output grew 1.4 percent, and the general manufacturing industries saw their outputs up by 1.3 percent.

Source: NAM NEWS NETWORK

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