Singapore’s manufacturing sector experienced an 8.5% year-on-year increase in November, following a 1.2% growth in October, according to the latest data from the Economic Development Board.
The electronics sector drove this growth, with a 26.2% rise in production, supported by strong performance in semiconductors, computer peripherals, data storage, as well as infocomm and consumer electronics.
Precision engineering also saw a rise in output during November. However, the output from chemicals, transport engineering, general manufacturing, and biomedical manufacturing declined.
On a seasonally adjusted month-on-month basis, manufacturing output decreased by 0.4% in November.
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