- POSTED: 26 Feb 2014 13:12
Manufacturing output in Singapore grew 3.9 per cent last month from a year ago, lifted by higher production in the key electronics and pharmaceutical sectors.
SINGAPORE: Manufacturing output in Singapore grew 3.9 per cent last month from a year ago, lifted by higher production in the key electronics and pharmaceutical sectors.
The growth, although slower than the 6.4 per cent increase recorded in December, was roughly in line with economists' estimates.
On a seasonally adjusted month-on-month basis, manufacturing output declined 8.1 per cent in January from December, the Economic Development Board (EDB) said on Wednesday.
According to EDB's manufacturing index, electronics expanded 7.4 per cent in January from a year ago, with the strongest growth seen in computer peripherals and other electronic modules and components.
Pharmaceuticals rose 4.5 per cent year-on-year, following a 21.2 per cent contraction in December, while chemicals production increased 8.4 per cent, up from December's 6.5 per cent.
Growth in the transport engineering cluster slowed to 2.7 per cent year-on-year from December's 14.0 per cent rise, hurt by a 1.1 per cent decline in marine and offshore engineering.