Singapore's manufacturing output up 58.6% on-year in May

20:27, June 25, 2010      

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Singapore's manufacturing output increased an impressive 58.6 percent year-on-year in May, official data showed on Friday.

This is higher than the 51 percent growth recorded in April, the Singapore's Economic Development Board (EDB) showed on Friday.

The EDB figures showed output grew across-the-board for all clusters.

Output of the biomedical manufacturing cluster expanded 117.0 percent year-on-year in May, largely driven by pharmaceuticals which grew 121.8 percent, on the back of a high value-added product-mix.

Output of the electronics cluster increased 51.8 percent in May on-year, with all segments recording higher output due in part to strong export demand and a low production base during the economic downturn last year. Leading the cluster is the semi-conductor segment which grew 69.0 percent.

Precision engineering's output expanded 40.5 percent, while the chemicals cluster's output grew 19.6 percent with a 50.8 percent gain in the petrochemicals.

Output of the general manufacturing cluster increased 18.5 percent, with all segments within the cluster registering higher output. The transport engineering cluster's output registered the lowest growth of 0.3 percent.

On a seasonally adjusted month-on-month basis, Singapore's manufacturing output increased 5.2 percent in May.

Source: Xinhua


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