SINGAPORE - Singapore's factory output extended a rebound that began in August, thanks to the booming pharmaceutical and electronics sectors, according to data released on Monday by the Economic Development Board .Excluding biomedical manufacturing, output grew 8.5 per cent.
On a year to-date basis, the biomedical manufacturing cluster grew 26.6 per cent compared with the same period a year ago. Chemicals also saw a slight increase in output, by 0.4 per cent. The specialties segment grew 25.2 per cent, with higher output in industrial gases and additives, while the other chemical segments edged up 6.7 per cent. But the petrochemicals and petroleum segments contracted, on the back of plant maintenance shutdowns.
More on this topic The land segment grew 35.1 per cent but this was offset by sharp declines of 40.9 per cent in marine and offshore engineering and a drop of 44 per cent in aerospace output.
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