Dec 27, 2013

    S'pore output hits speed bump in Nov

    SINGAPORE'S manufacturing output last month grew 4 per cent year on year, lifted by electronics and the transport-engineering cluster.

    The expansion was a significant reduction from the 8.3 per cent surge seen in October, according to data from the Economic Development Board released yesterday.

    Excluding the volatile biomedical-manufacturing sector, output increased by a stronger 5.5 per cent over the last year.

    On a seasonally adjusted month-on-month basis, manufacturing output contracted by 2.8 per cent last month, after a 0.2 per cent rise in October. Excluding biomedical manufacturing, output fell 4.7 per cent.

    The output by the electronics cluster grew 11 per cent year on year last month, supported by double-digit growth in other electronics modules & components, computer peripherals and semiconductors.

    Output for the transport-engineering cluster increased 6.3 per cent on year, supported by higher contributions from aircraft engine-repair jobs and rig-building projects.

    In contrast, the biomedical-manufacturing cluster's output shrank 2.1 per cent on year last month, mainly due to a 3.2 per cent drop in pharmaceuticals. The medical-technology segment grew 2.9 per cent, with higher output in medical-research instruments.