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Singapore's manufacturing output declined 2.5% YoY in December, led by a 23.9% drop in biomedical manufacturing; electronics output grew 6.3%.
Singapore's manufacturing output declined 2.5% year-on-year in December, reversing the 1% growth recorded in November, according to the Economic Development Board.
Biomedical manufacturing saw a 23.9% decrease, driven by a 45% drop in pharmaceutical production.
In contrast, electronics output grew 6.3% due to a 17.7% rise in the semiconductors segment.
However, Singapore's overall industrial production increased by 0.5% annually for December when excluding biomedical manufacturing.
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La producción manufacturera de Singapur disminuyó un 2,5% interanual en diciembre, impulsada por una caída del 23,9% en la fabricación biomédica; La producción de productos electrónicos creció un 6,3%.