Manufacturing output drops 1.6% YoY in April

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

Singapore’s manufacturing output fell by 1.6% YoY but increased by 7.1% MoM, EDB Singapore revealed.

Excluding biomedical manufacturing, which recorded a 29.1% YoY contraction, manufacturing output in April would have increased by 1.7% YoY and 3.6% MoM.

Apart from biomedical manufacturing, electronics (-1.1% YoY) also recorded lower output in April.

Electronics output fell as the semiconductors segment contracted 2.6% YoY.

The rest of the clusters saw increased output in April, led by transport engineering (+10.6% YoY), general manufacturing (+7.3% YoY), chemicals (+3.1% YoY), and precision engineering (+2.9% YoY).

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