SINGAPORE, June 26 — Singapore’s manufacturing output rose 13 percent year-on-year in May, official data showed on Friday, driven by strong gains in electronics and precision engineering.
On a seasonally adjusted month-on-month basis, manufacturing output declined 0.7 percent in May, the Singapore Economic Development Board said in a statement.
Within the sector, electronics output surged 35.8 percent, supported by the infocomms and consumer electronics, and semiconductors segments, underpinned by robust artificial intelligence-related demand.
Precision engineering output increased 32.2 percent, with the machinery and systems segment recording higher production of semiconductor equipment, while the precision modules and components segment saw stronger output of optical instruments, electronic connectors, and dies, moulds, tools, jigs and fixtures.
General manufacturing industries grew 1.8 percent, led by the miscellaneous industries segment, which posted a higher production of structural metal products.
In contrast, transport engineering output fell 5 percent, weighed by lower aerospace maintenance, repair and overhaul activity, reduced work on oil rigs and offshore platforms, and softer demand for oil and gas field equipment.
The chemicals cluster declined 11.5 percent due to lower production in petroleum and petrochemicals following feedstock supply disruptions.
Biomedical manufacturing dropped 24.2 percent, as medical technology output weakened on softer demand for medical devices, while pharmaceuticals production contracted due to lower biologics output and changes in the mix of active pharmaceutical ingredients. (Namibia Daily News/Xinhua)
