Singapore's manufacturing output contracts for the first time in almost a year

SINGAPORE: Singapore's manufacturing output declined for the first time in almost a year in September, largely due to the pharmaceuticals segment, official data on Tuesday showed.. This is the first time manufacturing output has posted a decline since October last year, when production contracted 0.4 per cent.

The medical technology segment rose 2.4 per cent with sustained export demand for medical devices. The pharmaceuticals segment, however, declined 46.2 per cent due to a different mix of active pharmaceutical ingredients being produced compared to a year ago, EDB said.Electronics manufacturing rose 4.9 per cent, slower than the previous month's 15.4 per cent expansion. All segments posted growth except for computer peripherals and data storage.

Output in precision engineering rose 30.2 per cent in September. All segments grew, with the machinery and systems segment rising by 38.4 per cent and the precision modules and components by 13.5 per cent. This is due to increasing activity in aerospace firms and shipyards compared to last year, when the industries were affected by international travel restrictions and the weak global oil and gas market respectively amid the COVID-19 pandemic, EDB said.

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