Singapore's manufacturing output up 2.1 per cent in May

Singapore's manufacturing output rose 2.1 per cent in May over the same month last year, driven mainly by a boost in biomedical manufacturing, statistics released on Wednesday showed.

Output in the biomedical manufacturing cluster grew 22.8 per cent in May over the same month last year. Pharmaceuticals manufacturing expanded 25.2 per cent on the back of more production of active pharmaceutical ingredients, while the medical technology segment expanded 10.7 per cent.

Electronics manufacturing grew 4.3 per cent, with the other electronics modules and components segment growing 55.6 per cent on the back of strong regional demand.

Output of the computer peripherals and semiconductors segments also expanded, increasing 12.5 per cent and 11.8 per cent respectively.

Cumulatively, output of the electronics cluster contracted 4.8 per cent from January to May this year, compared to the same period last year.

Manufacturing output grew 1.2 per cent in in May over the previous month.