Manufacturing output drops 1.6% YoY in June

Excluding the biomedical manufacturing segment, output would’ve increased by 1.7% YoY.

Singapore’s manufacturing output fell by 3.9% YoY and 3.8% MoM, EDB Singapore revealed.

Excluding biomedical manufacturing, which recorded a 23.2% YoY contraction,  manufacturing output in June would have fallen by 1.6% YoY and 6.4% MoM.

Apart from biomedical manufacturing, electronics (-5.5% YoY) and precision engineering (-3.2% YoY) also recorded lower output in June.

Electronics output fell as the semiconductors segment contracted 9.4% YoY.

The rest of the clusters saw increased output in  June, led by transport engineering (+10.3% YoY), chemicals (+5.9% YoY), and general manufacturing (+1.6% YoY).