Photo by Clayton Cardinalli on Unsplash
Manufacturing output drops 4.9% in June
Excluding the biomedical manufacturing segment, the output would’ve fallen 5.2%.
Singapore’s manufacturing output fell 4.8% in June 2023 compared to the same month in 2022, according to the latest data released by EDB Singapore.
Excluding biomedical manufacturing, June’s manufacturing output would have fallen 5.2%.
On a month-on-month comparison, output rose by 5.0%.
Except for transport engineering, all manufacturing clusters recorded decreases in output, led by precision engineering, which recorded an 11.5% YoY drop.
Output dropped by 8.6% YoY, 7.5% YoY, 2.9% YoY, and 1.8% YoY for chemicals, general manufacturing, electronics, and biomedical manufacturing, respectively.
On the other hand, transport engineering saw a 10.8% YoY increase in output.
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