Singapore’s manufacturing output increased by 8.9% in February

The manufacturing industry’s output in Singapore grew by 8.9% in February compared to the same month in 2017.

The sector had a successful month despite Chinese New Year falling in February this year.

In regards to a seasonally adjusted month-on-month basis, manufacturing output fell by 0.5%.

However, according to the Economic Development Board, the industry’s output grew by 1.3% if biomedical manufacturing is disregarded.

Electronic manufacturing grew by 17.4% from February 2017, with semiconductors rising by 26.7%.

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General manufacturing output fell by 6.3% in the review period, which is anticipated to be linked to Chinese New Year.

Biomedical manufacturing saw a year-on-year rise of 8.4%, linked to the 15.2% increase of pharmaceutical manufacturing output.

The industry’s chemical sector saw output growth of 8% in the review period, with petrochemicals leading the rise with a 17% increase.

Throughput of petroleum increased by 7.8% in February from the previous year, whilst transport engineering production rose by 5.4%.

Due to an increased need for repairs and maintenance work, the aerospace sector saw output increase by 57.2%.