Singapore's manufacturing output rises 13% in May, driven by AI-related demand
newsare.net
Singapore's manufacturing output rose by 13 per cent year-on-year in May, driven mainly by growth in the electronics, precision engineering and general manufacturing clusters.Excluding biomedical manufacturing, output in May increased by 17.7 per cent, accordSingapore's manufacturing output rises 13% in May, driven by AI-related demand
Singapore's manufacturing output rose by 13 per cent year-on-year in May, driven mainly by growth in the electronics, precision engineering and general manufacturing clusters.Excluding biomedical manufacturing, output in May increased by 17.7 per cent, according to official data from the Economic Development Board (EDB) released on Friday (June 26).On a seasonally adjusted month-on-month basis, manufacturing output decreased by 0.7 per cent, while output excluding biomedical manufacturing increased by 3.1 per cent.Biomedical manufacturing droppedBiomedical manufacturing declined 24.2 per cent in May amid softer demand for medical devices, while pharmaceuticals output contracted on lower biologics production and a different mix of active pharmaceutical ingredients, EDB said.The highest growth of 35.8 per cent was recorded in the electronics cluster, led by the info-communications and consumer electronics and semiconductor segments, on the back of robust artificial intelligence-led demand. Read more














