Manufacturing output falls 1.3% YoY in February

Excluding biomedical manufacturing, output rose 0.3% YoY.

Singapore’s manufacturing output declined 1.3% year-on-year (YoY) in February, according to the Singapore Economic Development Board (EDB). Excluding biomedical manufacturing, output rose 0.3% YoY.

The biomedical sector posted the steepest decline at 14.3% YoY, as a 30.0% drop in pharmaceuticals offset 12.4% growth in medical technology.

The electronics sector fell 6.4% YoY despite a 32.2% rise in infocomms & consumer electronics due to declines in computer peripherals & data storage (-1.5%), other electronics modules & components (-7.3%), and semiconductors (-9.5%).

The general manufacturing sector dipped 0.7% YoY, with declines in miscellaneous industries (-0.7%) and food, beverages & tobacco (-0.6%), whilst the printing segment rose 2.0%.

The chemicals sector edged down 0.1% YoY, as petrochemicals (-3.3%) and specialties (-6.5%) fell, whilst other chemicals and petroleum grew 4.6% and 1.4%, respectively.

On the other hand, precision engineering surged 16.2% YoY, with precision modules & components up 20.2% and machinery & systems rising 14.5%.

The transport engineering sector grew 16.0% YoY despite a 2.6% decline in the land segment.

The growth was led by an 18.3% YoY increase in aerospace and a 17.0% YoY rise in marine & offshore engineering, due to higher aircraft parts production, increased maintenance, repair, and overhaul (MRO) jobs, and greater shipyard activity.

Follow the link for more news on

Economic Development Board Singapore

manufacturing report

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