A further decline was mitigated by stronger demand for the biomedical manufacturing. Excluding the cluster, the drop in output widened to 2.7%, according to data released by the Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry (MTI).
Singapore’s factory output reversed into the red with a 0.9% year-on-year in October, following broad based contractions in sectors such as general manufacturing and transport engineering.
This is poorer than the 7.3% growth expected by economists.
