Higher output from all segments spurs 12.8% growth in Singapore manufacturing in Feb

Singapore's manufacturing sector expanded 12.8 per cent last month over the same month a year ago, boosted by growth across all segments. -- ST FILE PHOTO: DESMOND FOO
Singapore's manufacturing sector expanded 12.8 per cent last month over the same month a year ago, boosted by growth across all segments. -- ST FILE PHOTO: DESMOND FOO

Singapore's manufacturing sector expanded 12.8 per cent last month over the same month a year ago, boosted by growth across all segments.

January's factory output was also revised upwards, growing 4.4 per cent over the previous year instead of an earlier estimated 3.9 per cent, the Economic Development Board (EDB) said on Wednesday.

The biomedical manufacturing cluster led February's strong growth, surging 19.3 per cent over a year ago, according to EDB data.

Excluding biomedical manufacturing, overall factory output would have risen a smaller 11.2 per cent.

Output of the electronics cluster grew 14.8 per cent in February over last year. In particular, the production of computer peripherals, other electronic modules and components, and semiconductors increased, partly due to a low base in February 2013 when demand for electronics was weak.

All other manufacturing segments also ramped up production last month compared with a year ago.

The transport engineering cluster climbed 11.1 per cent, mainly due to the land transport segment which expanded 30.9 per cent on the back of stronger orders for production and assembly of vehicle parts.

Precision engineering output grew 9.2 per cent, while the chemicals cluster's output rose 7.8 per cent over the same period last year.

Output from general manufacturing industries cluster increased 7.1 per cent, largely because many firms shut down during the Chinese New Year period in February last year.