Singapore's manufacturing output declines 6.7pc on year in June

Singapore Economic Development Board announced on Friday that the country's manufacturing output decreased 6.7 per cent year on year in June, compared to a revised 8.1 per cent decrease in May.

In the first half of 2020, the manufacturing output grew 3.5 per cent year on year.

Excluding biomedical manufacturing, the output rose 2.1 per cent in June from a year ago, reports Xinhua.

On a seasonally adjusted month-on-month basis, Singapore's manufacturing output increased 0.2 per cent in June. Excluding biomedical manufacturing, the output decreased 0.8 per cent.

The output of the biomedical manufacturing cluster fell 30.6 per cent year on year in June, compared to a revised 1.9 per cent growth in the previous month.

The medical technology segment grew 5.9 per cent to meet export demand for COVID-related medical devices.

However, the pharmaceutical segment declined 37.4 per cent with lower output of biological products. On a year-to-date basis, the biomedical manufacturing cluster grew 26.6 per cent year on year.

As for the performance of other clusters, the electronics cluster's output grew 17.3 per cent year on year in June but fell 0.4 per cent year on year in the first half of this year.

The precision engineering cluster's output grew 9.1 per cent year on year in June and 11.6 per cent in the first six months.

The transport engineering cluster's output decreased 33.9 per cent in June and 15.7 per cent in the first six months this year.

The chemicals cluster's output fell 12.1 per cent in June and 5.5 per cent in the January-June period.

The general manufacturing cluster's output contracted 13.9 per cent in June and 10.9 per cent in the first half of this year.