Excluding biomedical manufacturing, output grew by 2.9% y-o-y.
Singapore’s manufacturing output for the month of July increased by 0.6% y-o-y, disappointing Bloomberg’s expectation for a 5.3% print.
The main drags during the month were due to the electronics and biomedical manufacturing clusters, which registered y-o-y declines. These were mitigated by y-o-y growths seen in the rest of the clusters.
