Singapore's manufacturing output growth slows to 11.2% in August
SINGAPORE: Growth in Singapore's manufacturing output slowed to 11.2 per cent in August and was mainly driven by the transport engineering and precision engineering clusters, official data on Friday (Sep 24) showed.
This was down from the 16.3 per cent year-on-year growth in July.
Excluding biomedical manufacturing, output expanded 13.6 per cent in August, according to figures from the Economic Development Board (EDB).
Factory output also increased on a seasonally adjusted month-on-month basis, improving 5.7 per cent in August. This rose to 8.8 per cent when biomedical manufacturing was excluded.
TRANSPORT AND PRECISION ENGINEERING
August's growth was headlined by expansion in transport engineering and precision engineering.
Output in transport engineering jumped by 23.5 per cent in August, down about 10 percentage points from last m