CNA Singapore

SINGAPORE: Singapore's manufacturing output in February 2022 increased 17.6 per cent year-on-year from the previous month's 2.4 per cent, data from the ...

"On a year-to-date basis, output of the chemicals cluster decreased 2.4 per cent compared to the same period a year ago." In the first two months of 2022, output of the transport engineering cluster increased 9.4 per cent compared to the same period last year. On a year-to-date basis, output of the biomedical manufacturing cluster grew 6.7 per cent, compared to the same period a year ago. "Cumulatively, the general manufacturing industries cluster grew 14.5 per cent for the period January to February 2022 compared to the same period a year ago," said EDB. Overall, the precision engineering cluster grew 6.7 per cent year-on-year for the period between January and February 2022, EDB said. In precision engineering, output expanded 1.0 per cent year-on-year in February. The aerospace segment grew 11.3 per cent due to higher levels of maintenance, repair and overhaul activities from commercial airlines, on the back of the easing of global travel restrictions compared to a year ago, said EDB. Output in transport engineering grew 4.5 per cent in February. The next biggest increase was in biomedical manufacturing, where output increased 25.3 per cent in February, compared to the same period last year. "Overall, the electronics cluster grew 15.0 per cent in the first two months of 2022 compared to the same period last year," it added. The biggest growth was seen in electronics, where output grew 32.4 per cent in February on a year-on-year basis, supported by output expansions across all segments. On a three-month moving average basis, manufacturing output rose 11.9 per cent last month, compared to a year ago.