SINGAPORE - Singapore's factory output shrank for the second straight month in June, on the back of a plunge in biomedical manufacturing, according to data released by the Economic Development Board on Friday .
On the other hand, the electronics cluster saw output grow by 17.3 per cent, which is largely due to the semiconductors segment which expanded by 26 per cent, supported by demand from cloud services and data centres, as well as 5G markets. The other chemicals, specialties and petroleum segments contracted, on the back of plant maintenance shutdowns and lower export orders amid the Covid-19 outbreak.
On a year-to-date basis, output of the general manufacturing industries cluster declined 10.9 per cent compared with the same period a year ago.
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