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The Financial Express

Singapore factory output growth eases to 16.3pc in July

| Updated: August 30, 2021 20:54:10


File photo used for representational purpose. (Collected) File photo used for representational purpose. (Collected)

Singapore's manufacturing output grew 16.3 per cent year on year in July, compared to the revised 28 per cent increase in the previous month, the Singapore Economic Development Board has said.

Excluding biomedical manufacturing, the output grew 5.8 per cent year on year this July, compared to the 25.1 per cent growth in June, the EDB announced on Thursday.  

On a seasonally adjusted month-on-month basis, Singapore's manufacturing output decreased 2.6 per cent in July. Excluding biomedical manufacturing, output fell 7.9 per cent, reports Xinhua.

As for the performance of different clusters, the electronics cluster's output expanded 1.5 per cent year on year in July, while the biomedical manufacturing cluster saw its output jump 86.6 per cent, the chemicals cluster's output declined 5.6 per cent, the precision engineering cluster's output grew 20.3 per cent, the transport engineering cluster's output increased 33.1 per cent, and the general manufacturing cluster's output rose 11 per cent.

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