Business News Asia
The Economic Development Board (EDB) of Singapore announced that Singapore’s manufacturing output rose 0.5% in August 2022 from a year earlier, following a 0.8% increase in July, and a 2.6% increase in June.
Excluding biomedical production, manufacturing output fell 1.2% in August from a year earlier. In July, the increase had still been 3.1% and in June 4.9%.
On a seasonally adjusted monthly basis, Singapore’s manufacturing output rose 2% in August, but excluding biomedical production, it fell 2.9%.
Electronics production fell by 7.8% year-on-year in August. The sector as a whole suffered a decline in production due to weaker demand, while the chemicals sector recorded a drop in output of 11.2%.