SINGAPORE - Singapore manufacturing output rose 3.4 cent year on year in January, compared to the 3.7 per cent drop in the previous month, according to figures released by the Economic Development Board on Wednesday .The latest figures, with or without the biomedical segment's contribution, were better than the 5.8 per cent year on year contraction analysts had predicted in a Bloomberg poll.
The biomedical sector's 41.1 per cent year on year growth in January was lifted by pharmaceuticals output that surged 59.4 per cent. January's decline in electronics was spread over most segments within the sector, expect for infocomms & consumer electronics that grew 17.7 per cent.The machinery & systems segment rose 25.3 per cent, due to higher production of semiconductor and process control equipment. The precision modules & components segment grew 1.5 per cent amid an increase in output of optical products.
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