Singapore Economic Development Board (EDB)

Broad based expansions were seen across most segments save biomedical manufacturing.

Manufacturing output expanded by 14.3% year-on-year in December thanks to expansions across most segments save biomedical engineer

Singapore’s factory output hit by broad-based declines in October

Things have been looking up for Singapore’s factory output

Singapore’s factory output snapped out of a three-month decline to grow 13.7% in August thanks to semiconductors and biomedicals

Singapore’s factory output remained in the red with an 8.4% year-on-year contraction in July, following broad based contraction in all sectors. This marks the metric’s third straight month of decline.

Services and manufacturing firms in Singapore are looking at dim prospects in the second half of this year as the Covid-19 health-turned-economic crisis continues to thwart their operations.

Singapore’s factory output remained in the red with a 6.7% year-on-year contraction in June, following volatility in the biomedical cluster. This marks the metric’s second straight month of decline.

A further drop in the cluster’s output was mitigated by a 2.8% growth in the machinery and systems segment. This was enabled by stronger production of semiconductor equipment.With a 1.0% fall, the electronics cluster was the last to register a contr

The good performance of the pharmaceutical sector suggests “Singapore is well-positioned to produce and export medical necessities,” says United Overseas Bank (UOB) economist Barnabas Gan.