Singapore's manufacturing output fell 3.9% in June, with biomedical and electronic production declining.
Singapore's manufacturing output fell 3.9% in June, marking a reversal from the 2.3% expansion in May. Biomedical manufacturing output declined 23.2% due to a 47.1% drop in the pharmaceuticals segment, while electronic production decreased 5.5% in June compared to the previous year. However, transport engineering output grew 10.3%, supported by a 19.5% increase in the marine and offshore engineering segment.
July 26, 2024
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