Singapore factory output surges 9.3% in September
Singapore’s manufacturing output in September 2013 grew 9.3 per cent year-on-year, boosted by improvement in export demand in the electronics cluster, Channel News Asia reported.
According to the Economic Development Board (EDB), output from the electronics cluster rose 20 percent last month, compared to the previous year. Output from the transport engineering cluster grew 14.4 per cent , supported by growth in the marine and offshore engineering segment. The EDB said all segments in the chemicals cluster recorded growth last month, accounting for an overall growth of 5.8 per cent for the cluster.
Meanwhile, manufacturing output from the biomedical cluster was up marginally by 0.1 per cent, and the general manufacturing cluster saw output increase 2 per cent. Bucking the trend, output from the precision engineering cluster fell 0.8 per cent last month, partly due to weaker demand for semiconductor-related equipment and mechanical engineering work.
Excluding biomedical manufacturing, output increased 11.3 per cent on-year in September. Compared to the previous month, output rose 3.7 per cent in September and increased 5.8 per cent when biomedical manufacturing is excluded.
Singapore's manufacturing output in September 2013 grew 9.3 per cent year-on-year, boosted by improvement in export demand in the electronics cluster, Channel News Asia reported. According to the Economic Development Board (EDB), output from the electronics cluster rose 20 percent last month, compared to the previous year. Output from the transport engineering cluster grew 14.4 per cent , supported by growth in the marine and offshore engineering segment. The EDB said all segments in the chemicals cluster recorded growth last month, accounting for an overall growth of 5.8 per cent for the cluster. Meanwhile, manufacturing output from the biomedical cluster...
Singapore’s manufacturing output in September 2013 grew 9.3 per cent year-on-year, boosted by improvement in export demand in the electronics cluster, Channel News Asia reported.
According to the Economic Development Board (EDB), output from the electronics cluster rose 20 percent last month, compared to the previous year. Output from the transport engineering cluster grew 14.4 per cent , supported by growth in the marine and offshore engineering segment. The EDB said all segments in the chemicals cluster recorded growth last month, accounting for an overall growth of 5.8 per cent for the cluster.
Meanwhile, manufacturing output from the biomedical cluster was up marginally by 0.1 per cent, and the general manufacturing cluster saw output increase 2 per cent. Bucking the trend, output from the precision engineering cluster fell 0.8 per cent last month, partly due to weaker demand for semiconductor-related equipment and mechanical engineering work.
Excluding biomedical manufacturing, output increased 11.3 per cent on-year in September. Compared to the previous month, output rose 3.7 per cent in September and increased 5.8 per cent when biomedical manufacturing is excluded.
