Manufacturing sector output extends winning streak in Q2

It grew 8.1% YoY in the second quarter.

It was another stellar quarter for the manufacturing sector after it extended its output growth by 8.1% in Q2.

According to the latest data released by the Ministry of Trade and Industry (MTI), this came after the 8.5% growth seen in the said sector during the first quarter of the year.

The growth during the quarter was primarily supported by the electronics and precision engineering clusters, which expanded on the back of strong global demand for semiconductors and semiconductor-related equipment.

On the other hand, the lacklustre performers within the sector were the biomedical manufacturing, general manufacturing and transport engineering clusters.

MTI noted that on a quarter-on-quarter basis, the manufacturing sector expanded by 2.9%, accelerating from the 0.3% growth in the previous.

To recall, Singapore's gross domestic product expanded by 2.9% in the past quarter, faster than the 2.5% growth seen in Q1.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia