SINGAPORE, Sept 26 — Singapore’s manufacturing output fell 12.1 per cent in August 2023 on a year-on-year basis, said the republic’s Economic Development Board (EDB). On a...
SINGAPORE, Sept 26 — Singapore’s manufacturing output fell 12.1 per cent in August 2023 on a year-on-year basis, said the republic’s Economic Development Board .
As for performance by clusters, the output of transport engineering gained 16.2 per cent year-on-year in August, said the EDB, an agency under the republic’s Ministry of Trade and Industry . The aerospace segment grew 15.2 per cent with higher demand for aircraft parts and more maintenance, repair and overhaul jobs from commercial airlines on the back of strong air travel demand globally, said the agency.
Meanwhile, the output of the biomedical manufacturing cluster declined 1.8 per cent in August on a year-on-year basis. “The medical technology segment grew 3.6 per cent, supported by export demand for medical devices,” it said.
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