Singapore's manufacturing output increased 3.8% YoY in Feb, led by biomedical (27.4%) and chemicals (11.2%), while precision engineering fell 19.9%.
Singapore's manufacturing output increased by 3.8% year-on-year in February, with the biomedical industry showing a 27.4% growth, mainly due to a 73.2% increase in the pharmaceutical segment. However, precision engineering output fell by 19.9%, with all segments experiencing production declines. The chemicals sector also saw a notable 11.2% growth, while transport engineering output rose by 19.6%.
March 26, 2024
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