In January, Singapore's industrial production rose 1.1% annually, driven by transport and precision engineering, while biomedical manufacturing output decreased 25.9%.

In January, Singapore's industrial production rebounded with a 1.1% annual increase, reversing a 2.4% decline in December. This growth was driven by strong performance in the transport and precision engineering sectors. However, the biomedical manufacturing output dropped by 25.9%, while electronics output fell by 3.4%. The overall manufacturing Purchasing Manager's Index reached 50.7 points, the highest level since December 2021, reflecting the regionwide factory activity recovery.

February 25, 2024
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