Singapore Monthly Manufacturing Output Up 39.8% For November 2010
On a year-on-year basis, Singapore’s manufacturing output increased 39.8% in November 2010.
Excluding biomedical manufacturing, output grew 16.1%.
On a seasonally adjusted month-on-month basis, manufacturing output rose 1.1% in November 2010.
Excluding biomedical manufacturing, output remained unchanged.
Total Manufacturing Performance
On a year-on-year basis, manufacturing output increased 39.8% in November 2010.
Excluding biomedical manufacturing, output grew 16.1%.
On a three-month moving average basis, manufacturing output in November 2010 increased 31.7% compared to the same period last year.
For the first eleven months of 2010, manufacturing output expanded 31.8%. On a seasonally adjusted month-on-month basis, manufacturing output increased 1.1% in November 2010.
Excluding biomedical manufacturing, output level in November 2010 remained unchanged from the preceding month.
Performance by cluster
Output of the biomedical manufacturing cluster expanded 166.7% year-on-year in November, led by a 189.0% jump in the pharmaceuticals segment.
The strong performance in the latter was attributed to the low base last year as a result of a different mix of active pharmaceutical ingredients produced.
The medical technology segment also grew 13.6% with increased export demand for medical instruments.
On a year-to-date basis, the biomedical output grew 53.3%.
Output of the precision engineering cluster grew 33.9% year-on-year in November 2010.
The robust growth was attributed to the machinery & systems segment which expanded 71.4%, as a result of healthy export orders for semiconductor related equipment and the ramp-up of production from new plants.
In the first eleven months of 2010, output of the precision engineering cluster was 41.9% higher than the same period a year ago.
Output of the electronics cluster increased 23.1% in November 2010 from a year ago. Strong demand for consumer electronics continued to boost output in the semiconductor segment.
The infocomms & consumer electronics segment also expanded 12.2% while output of the computer peripherals and other electronics modules & components segments declined 1.9% and 21.8% respectively.
On a year-to-date basis, electronics output expanded 38.5%.
The chemicals cluster’s output grew 9.7% year-on-year in November 2010, underpinned by higher output in all segments within the cluster.
In particular, the petrochemicals and petroleum segments saw output gains of 12.0% and 11.1% respectively. On a year-to-date basis, output of the chemicals cluster was 13.3% higher than the same period in the previous year.
The transport engineering cluster’s output inched up 0.5% in November 2010 on a year-on-year basis. The land transport segment recorded the largest output growth of 44.2% with higher production of automotive parts.
The marine & offshore engineering segment, on the other hand, declined 11.3%, with lower percentage of completion in shipbuilding and oil rigs projects.
Cumulatively, output of the cluster contracted 5.8% from January to November 2010 compared to the same period in 2009.
Output of the general manufacturing cluster dipped 0.3% year-on-year in November 2010.
The food, beverages & tobacco segment’s output increased 6.7% as a result of higher production of confectionery and beverage products to meet the festive demand. On the other hand, the miscellaneous industries segment shrank 3.7% with lower production of garments, structural metal products and metal storage tanks.
Cumulative output of the cluster in the first eleven months of 2010 rose 11.8% compared to the same period last year.
Topics: 2010, Aerospace, beverages, biomedical, biomedical manufacturing, business, chemicals, commercial airlines, economic development, economic growth, Economy, employment, engineering, export orders, food, general manufacturing, Governance, government, investment, jobs, july, land transport, manufacturing output, Manufacturing Performance Figures, moniter, monitor, news, November, Performance by cluster, pharmaceuticals segment, printing segment, semiconductor, Singapore, technology, Total Manufacturing Performance
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