Singapore manufacturing sectorSINGAPORE: Singapore's manufacturing output expanded 21.7 per cent on a year-on-year basis in August, boosted by a surge in biomedical output.
The increase compared with a 7.6 per cent revised expansion in July, according to data released by the Singapore Economic Development Board (EDB).
The figures showed that excluding biomedical manufacturing, output declined 10.5 per cent, worse than the 6.4 per cent contraction in July.
On a seasonally adjusted month-on-month basis, manufacturing output rose 3.9 per cent in August 2011, but declined 4.7 per cent when biomedical output was excluded.
Output of the biomedical manufacturing cluster jumped 145.8 per cent on-year in August, due to a 156.7 per cent surge in pharmaceuticals output.
The strong growth in the pharmaceuticals segment was attributed to a mix of higher valued-added active pharmaceutical ingredients being produced.
Output of precision engineering cluster grew 4.1% on-year in August, while transport engineering rose 1.2 per cent. The aerospace segment expanded 5.5 per cent, with a higher volume of maintenance and upgrading work received from commercial airlines.
The chemicals cluster's output shrank 1.2 per cent on-year. EDB said the specialties segment continued to post a strong growth of 22.5 per cent on the back of new production capacities that started earlier this year.
The petroleum segment grew 8.9 per cent on-year, with throughput impacted by maintenance shutdowns. However, the other chemicals and petrochemicals segments fell 8.7 per cent and 26.1 per cent respectively.
Output of the general manufacturing cluster declined 8.0 per cent on-year in August, and the electronics cluster fell 21.9 per cent compared to the same period last year.
The weakness in the cluster was broad-based as global economics uncertainties put a drag on demand for electronics, EDB said.
Via: http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1155571/1/.html
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