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Singapore’s manufacturing declines 4.4% in June

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/07/2015 (11:16)
According to data from Singapore’s Economic Development Board, Singapore’s manufacturing declined 4.4% on the year in June following a decrease of 2.3% in May. Excluding biomedical manufacturing, manufacturing posted a decrease of 5.3% on the year in June. Meanwhile, manufacturing output declined 3.3% on the month in June on a seasonally adjusted basis while excluding biomedical manufacturing, it dropped 4.6%.

The data showed that production in chemicals segment rose 4.2% on the year in June. However, the petroleum segment decreased 5.2% in June from a year earlier. The decrease was attributed to maintenance shutdowns at some plants. In the first six months of the year, output from the chemicals cluster rose 3.5% compared with the same period of 2014.

The data also revealed that the general manufacturing industries output declined 3.3% in June on a yearly basis. This was attributed to declines in the miscellaneous industries and printing segments. Meanwhile, production in the precision engineering cluster fell 5% on the year. Production of transport engineering also dropped 17.5% from a year earlier in June, posting the largest decrease on the year among all manufacturing segments.
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