Singapore’s manufacturing output grows by 17.9% in January

By Sophie Chapman
Singapore has a 17.9% increase in its manufacturing output in January from the same month last year. The stats were released by the Economic Developmen...

Singapore has a 17.9% increase in its manufacturing output in January from the same month last year.

The stats were released by the Economic Development Board (EDB), noting that the sector’s output has increased by 6.7% in January, on a seasonally adjusted month-on-month basis.

This is following the industry’s decline in December last year, with output dropping by 3.4%, for the first time since July 2016.

The EDB also confirmed that output grew by 32.4% for the electronics industry against January 2017.

SEE ALSO:

Precision engineering production expanded by 24.5% in the review period, with machinery and systems growing by 18%.

The chemicals industry had a rise in output of 13.7% last month, with all of it’s segments recording a growth as well.

In Singapore, Food, beverage, and tobacco manufacturing output rose by 11.6% on a year-on-year basis.

Biomedical manufacturing, however, only grew by 2.5%, but medical technology manufacturing increased by a strong 22.8%.

“On the other hand, pharmaceuticals output decreased 3.9 per cent due to lower production of active pharmaceutical ingredients,” the EDB noted.

Share

Featured Articles

The route to sustainable manufacturing at Celonis

Chris Solomonides, Manufacturing Director UKI at Celonis, explores the road to sustainable manufacturing with the right technology & data

Why veterans make an excellent fit in manufacturing

QAD Redzone’s Lance Olmstead returned to civilian life after years of service. He’s since landed in manufacturing & wants more veterans to join the sector

Helping manufacturers reach their sustainability goals

Laura Capper, Head of Manufacturing & Construction at NatWest, delves into how she helps manufacturers reduce energy costs and become more sustainable

Future-proof your finance operations with automation

AI & Automation

Giesecke+Devrient on new expectations for car manufacturers

Digital Factory

‘Factories of the Future’ & managing successful supply chain

Digital Factory