Singapore's manufacturing output surges 16.9 pct on year in October

0 Comment(s)Print E-mail Xinhua, November 26, 2021
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SINGAPORE, Nov. 26 (Xinhua) -- The Singapore Economic Development Board (EDB) announced on Friday that the country's manufacturing output increased 16.9 percent year on year in October, from the revised 2.2 percent decline in September.

Excluding biomedical manufacturing, the output grew 9.7 percent year on year this October, compared to the revised 11 percent growth in the previous month.

On a seasonally adjusted month-on-month basis, Singapore's manufacturing output increased 2.4 percent in October. Excluding biomedical manufacturing, output rose 1.5 percent.

According to EDB, the output of the biomedical manufacturing industry increased 56.1 percent year on year in October, compared to the 35.9 percent decrease in September. In a breakdown, the pharmaceuticals segment expanded 93.4 percent from a low production base last year. Conversely, the medical technology segment declined 3 percent with lower demand for medical devices in some export markets. Enditem

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