• Like
  • Comment
  • Favorite

Singapore Manufacturing Output Rises 17.6% in April

MT Newswires05-26 14:02

Singapore's manufacturing output jumped 17.6% in April, backed by strong growth across almost all clusters, the city-state's Department of Statistics reported Tuesday.

Excluding biomedical manufacturing, output rose 21.5% year-on-year in April.

Electronics output grew 44%, driven by robust AI-related demand, the data showed. Precision engineering gained 15.1%, while general manufacturing and transport engineering expanded 16.9% and 10.1%, respectively.

Meanwhile, biomedical manufacturing fell 16.1%, mainly due to softer demand for medical devices, while chemicals dropped 17.6%.

On a month-on-month basis, manufacturing output increased 5.8% in April. Excluding biomedical manufacturing, output was also up 5.8% on a monthly basis.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24