SG manufacturing grows in April
Singapore - Singapore's manufacturing output increased by 24.3% this April on a seasonally adjusted month-on-month basis, according to a report by the Economic Development Board (EDB).
On a year-on-year (yoy) basis, manufacturing output increased 51% in April 2010.
The biomedical manufacturing cluster saw the greatest increase in output at 95.8% yoy. The report attributed this growth to a different production mix in the active pharmaceutical ingredients.
The electronics and precision engineering cluster expanded 60% and 56.2% yoy respectively, fueled by a strong global demand for semiconductor related equipment worldwide.
The chemicals cluster's output grew 24.8% yoy as a result of new capacity coming online and the low base of production last year during the economic downturn. However, the transport engineering cluster saw a decline of 23.2% yoy in output, with the aerospace segment falling 5.5% and the marine and offshore segment declining 39.3%. EDB attributed the latter segment's decline to fewer ship repair and conversion jobs.
The general manufacturing cluster's output however increased 17% yoy in April, with all segments registering growth.
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