Singapore's Manufacturing Output Down 1.3% in February

MT Newswires
26 Mar

Singapore's manufacturing output decreased 1.3% year-on-year in February, mainly due to weak performance from the electronics clusters, according to data released by EDB Singapore on Wednesday.

Excluding the biomedical sector, industrial production rose 0.3% year over year, while on a three-month moving average basis, output rose 4.3%, compared with the year-ago period.

On a seasonally adjusted month-on-month basis, output was down 7.5% in February.

Excluding biomedical manufacturing, output decreased 7.9%, the data showed.

The electronics cluster declined 6.4% year-on-year while biomedical manufacturing output contracted 14.3% year-over-year.

For the precision engineering cluster, output was up 16.2% year-on-year in February, mainly due to a higher output of plastic and metal precision components.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10