In a nod to the highly volatile nature of the industry, the semiconductor segment in October also grew much faster than the 7.4% growth for total manufacturing output.
Following a downtrend of more than a year, Singapore’s electronics manufacturing sector looks poised for a recovery in the coming year.
The key semiconductor segment has already seen bottoming and is staging a return. In October, the semiconductor segment expanded 17.8% y-o-y, extending the 16.5% y-o-y growth recorded in September. In contrast, this segment contracted 25.2% in August, according to figures from the Economic Development Board.
