SINGAPORE'S manufacturing output grew 7.6 per cent year on
year in November, beating economist's estimates of 4.2 per cent and
outstripping October's 5.5 per cent figure, according to preliminary
estimates from the Economic Development Board on Wednesday. Excluding
the volatile biomedical manufacturing sector, output grew 5.3 per cent.
On a seasonally adjusted month-on-month basis, output rose 2.8 per cent in November, pulled up by the biomedical sector - without which growth would have been flat.
Biomedical manufacturing was the biggest driver in November, with output up 18.5 per cent year on year. In particular, pharmaceuticals output was up 23.9 per cent, while medical technology output rose 6.6 per cent.
Transport engineering stayed strong, up 11.3 per cent year-on-year on the back of growth in all segments. The marine and offshore engineering segment saw the largest increase at 26.6 per cent.
On a seasonally adjusted month-on-month basis, output rose 2.8 per cent in November, pulled up by the biomedical sector - without which growth would have been flat.
Biomedical manufacturing was the biggest driver in November, with output up 18.5 per cent year on year. In particular, pharmaceuticals output was up 23.9 per cent, while medical technology output rose 6.6 per cent.
Transport engineering stayed strong, up 11.3 per cent year-on-year on the back of growth in all segments. The marine and offshore engineering segment saw the largest increase at 26.6 per cent.
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