Monthly Manufacturing Performance In Singapore - October 2018
Monthly Manufacturing Performance In Singapore – October 2018
Total Manufacturing Performance
Performance By Cluster
Transport engineering: Output increased 30.8 percent year-on-year in October 2018 with all segments recording output growth. The marine & offshore engineering segment expanded 52.2 percent, on the back of a low base in October last year, as well as a higher level of work done in offshore projects. The aerospace segment grew 15.6 percent with more engine repair and maintenance work from commercial airlines. Overall, the transport engineering cluster grew 14.0 percent in the first ten months of 2018 compared to the same period last year.
Biomedical manufacturing: Output increased 11.5 percent in October 2018 compared to a year ago. Pharmaceuticals output expanded 15.8 percent with higher production of pharmaceutical and biological products, while the medical technology segment grew 2.9 percent to meet export demand from the US. On a year-to-date basis, the biomedical manufacturing cluster’s output increased 5.8 percent compared to the same period a year ago.
Precision Engineering: Output grew 1.4 percent in October 2018 compared to a year ago. The precision modules & components segment grew 7.7 percent, supported by higher production in optical instruments. By contrast, the machinery & systems segment fell 2.9 percent due to lower production of industrial process control and semiconductor equipment. On a year-to-date basis, output of the precision engineering cluster grew 7.0 percent compared to the same period last year.
General manufacturing: Output increased 1.3percent on a year-on-year basis in October 2018. The miscellaneous industries segment grew 2.9 percent, on account of higher production in structural metal products and batteries. The food, beverages & tobacco segment rose 2.1 percent with higher output in infant milk and dairy products. However, the cluster’s growth was moderated by the printing segment which declined 6.9 percent. Cumulatively, the cluster’s output rose 0.6 percent from January to October 2018 compared to the same period a year ago.
Chemicals: Output decreased 1.0 percent year-on-year in October 2018. The other chemicals segment grew 15.1 percent with higher output in fragrances. However, production in the petroleum and petrochemicals segments fell 9.6 percent and 14.7 percent respectively due to maintenance shutdowns. In the first ten months of this year, output of the chemicals cluster increased 5.6 percent compared to the same period in 2017.
Electronics: Output fell 2.7 percent in October 2018 on a year-on-year basis. Within the cluster, the other electronic modules & components and infocomms & consumer electronics segments grew 5.1 percent and 1.7 percent respectively, while the rest of the electronics segments contracted. Cumulatively, the electronics cluster’s output increased 8.9 percent from January to October this year, compared to the same period last year.
The next monthly manufacturing performance release will be issued on 26 December 2018 on the Singapore Economic Development Board (EDB) webpage.
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