25 Mar '11, 6am

S'pore manufacturing output up 4.8%

SINGAPORE: Singapore's manufacturing output increased 4.8 per cent in February, slower than consensus expectations of 6.3 per cent. This is according to the latest data from the Economic Development Board. Excluding the volatile biomedical manufacturing segment, output grew 11.9 per cent. February's output was led by the precision engineering cluster, which expanded 30.7 per cent year-on-year. This was mainly because of a 65 per cent increase in the machinery & systems' output. There was higher production of semiconductor related equipment, refrigerating and airconditioning equipment, and hoisting machinery including lifts. The electronics cluster grew 10.7 per cent, thanks to robust demand for computing products and a strong infocomms and consumer electronics segment. The volatile biomedical manufacturing cluster posted a decline of 8.7 percent on-year. Within the cluster...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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