, Singapore
104 views
Chart from EDB Singapore.

Chart of the day: Manufacturing output growth slows down in July

Manufacturing output grew by only 0.6% compared to 2.6% in June.

This chart from the Economic Development Board of Singapore shows the total manufacturing output of Singapore for the month of July dipping to 0.6% compared to a 2.6% growth in June.

Excluding biomedical, output grew by 2.9% in July, a dip from 4.9% growth in June.

ALSO READ: Manufacturing output headline growth rate could potentially stumble: analysts

On a three-month moving average basis, manufacturing output rose 4.3% in July 2022, compared to a year ago. On a seasonally adjusted month-on-month basis, manufacturing output decreased by 2.3%. Excluding biomedical manufacturing, output declined 1.1%.

Manufacturing output declined due to a decline in electronics manufacturing with lower export orders from China and Korea.
 

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!