27 Jun 2012
Manufacturing Grows 6.6% On-Year In May 2012

Transport engineering led growth with 35.4% on-year expansion.

Singapore's manufacturing output in May 2012 expanded 6.6% on-year. Excluding biomedical manufacturing, output grew 2% on-year.

Compared on-month, output expanded 1.8% in May 2012. Excluding biomedical manufacturing, output edged up slightly 0.3% on-month.

According to the Singapore Economic Development Board (EDB) transport engineering led growth, expanding 35.4% on-year with all segments recording higher output.

Double digit on-year growth was also seen for biomedical manufacturing (+32.8%).

Other sectors recorded more modest on-year growth:

  • Electronics: +9.7%
  • Chemicals: +4.1%
  • General manufacturing: +3.7%

Only precision engineering saw a 0.4% on-year dip.

Sources

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