Singapore manufacturing output growth slows to 3.4% in September amid biomedical decline
Singapore's manufacturing output grew by 3.4 per cent year-on-year in September, slowing from 15.4 per cent growth in August, amid a sharp decline in biomedical manufacturing output.Excluding biomedical manufacturing, output in September increased by 9 per cent, easing from the 16.8 per cent growth in August, according to data from the Economic Development Board (EDB) released on Monday (Oct 26).On a seasonally adjusted month-on-month basis, manufacturing output decreased 3.9 per cent, compared with a 0.5 per cent decline in August, while output excluding biomedical manufacturing dropped by 5.5 per cent.Growth in all clusters except chemicals, biomedical manufacturingEDB data also showed that all clusters recorded growth on a year-on-year basis in September, except chemicals and biomedical manufacturing.Precision engineering grew 31 per cent, supported by higher production of semiconductor equipment in the machinery and systems segment.