Factory output down 8.7% in April as biomedical manufacturing slips

Biomedical manufacturing tumbled 28.6%.

The Economic Development Board (EDB) today revealed that Singapore's manufacturing output booked an 8.7% year-on-year decline in April, dragged by a 28.6% drop in biomedical manufacturing output.

Excluding biomedical manufacturing, output fell 1.9%.

On a seasonally adjusted month-on-month basis, manufacturing output decreased 5.8% in April. Excluding biomedical manufacturing, output fell 2.2%.

All clusters except for chemicals and electronics contracted in April. Transport engineering output fell 8.7% year-on-year, while output of the general manufacturing industries slipped 5.1%. Output of the precision engineering cluster 2.1% year-on-year.