The manufacturing output of Singapore grew 5.9 per cent year on year in March, compared to a revised 6.7 per cent increase in February, the economic development board of the country has announced.
Excluding biomedical manufacturing, the manufacturing output grew 8.6 per cent year on year in March, the board said on Thursday.
Meanwhile, on a seasonally adjusted month-on-month basis, the Asian country’s manufacturing output increased 0.3 per cent in March. Excluding biomedical manufacturing, the output declined 4.3 per cent.
In a breakdown and on a year-on-year basis, the electronics clusters output increased 12.4 per cent in March, the biomedical manufacturing clusters output dropped 5.4 per cent, reports Xinhua.
The precision engineering clusters output of the Asian country grew 10.5 per cent, the transport engineering clusters output hiked 3.5 per cent, the chemicals clusters output increased 8.2 per cent, and the general manufacturing industries clusters output decreased 0.6 per cent.