Manufacturing output shrank 3.9% in December

The biomedical manufacturing cluster's output slumped by 34.7%.

Singapore's total manufacturing output dropped by 3.9% in December, the Singapore Economic Development Board (EDB) revealed.

According to a press release, excluding biomedical manufacturing, output grew 4.5%.

On a seasonally adjusted monthly basis, manufacturing output shrank 2% in December. Excluding biomedical manufacturing, it fell 0.7%.

The output of the precision engineering cluster grew 18.2% YoY, leading the growth for the month. It was followed by chemicals which grew 14.4%, electronic which grew 4.2%, and general manufacturing which grew 2.9%.

Biomedical manufacturing saw a severe drop in output of 34.7%, followed by transport engineering with 11.7%.