On a seasonally adjusted month-on-month basis, manufacturing output plunged 22.3% in February – a significant deviation from the 18.2% expansion seen the month before. Excluding biomedical manufacturing, February’s output was down 17.9%.
SINGAPORE (Mar 27): Singapore’s factory output fell 1.1% year-on-year in February, following a contraction in its linchpin electronics sector. This dip comes despite increases posted by other segments and comes after January’s surprise 3.4% increase.
Excluding the biomedical sector, output tanked 2.5%, according to data released on Mar 26 by the Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry (MTI).
