Slowdown hits key Singapore sectors: Battening down the hatches amid turbulence

Is the worst yet to come? Insight looks at what is happening in the Republic's economic-growth engines - in particular, electronics

Second-quarter figures showed that falling output in the electronics cluster - along with transport engineering and precision engineering - led to a year-on-year contraction of 3.1 per cent in the manufacturing sector, much deeper than the first quar
Second-quarter figures showed that falling output in the electronics cluster - along with transport engineering and precision engineering - led to a year-on-year contraction of 3.1 per cent in the manufacturing sector, much deeper than the first quarter's 0.3 per cent contraction.PHOTO: AFP

The electronics and precision engineering cluster of the manufacturing sector has been singled out as the main drag on Singapore's economy this year.

Second-quarter figures showed that falling output in the electronics cluster - along with transport engineering and precision engineering - led to a year-on-year contraction of 3.1 per cent in the manufacturing sector, much deeper than the first quarter's 0.3 per cent contraction.

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A version of this article appeared in the print edition of The Sunday Times on August 18, 2019, with the headline 'Battening down the hatches amid turbulence '. Print Edition | Subscribe