By Massita Ahmad
SINGAPORE, Dec 23 (NNN-Bernama) — Singapore’s manufacturing output decreased 3.2 per cent in November 2022 on a year-on-year (y-o-y) basis, according to the Singapore Economic Development Board (EDB).
On a three-month moving average basis, manufacturing output declined 0.7 per cent in November 2022, compared to a year ago, the government agency under the Trade and Industry Ministry said in a statement issued here Friday.
On a seasonally adjusted month-on-month basis, manufacturing output decreased 1.2 per cent, the statement said.
As for the performance on a cluster basis, output for transport engineering grew 18.8 per cent yo-y in November 2022.
In the first eleven months of this year, output of the transport engineering cluster expanded 20.3 per cent compared to the same period in 2021.
On the performance of the other clusters, general manufacturing grew 10.3 per cent in November 2022. Cumulatively, the general manufacturing industries cluster expanded 12.3 per cent for the January to November 2022 period versus a year earlier.
The biomedical manufacturing cluster rose 6.9 per cent in November 2022 but overall, this cluster decreased 2.6 per cent in the first eleven months of 2022 versus the same period a year ago.
The precision engineering cluster went up 4.2 per cent in November with a 7.4 per cent gain on a year-to-date basis versus a year earlier.
However, output for chemicals cluster decreased 11.3 per cent; year-to-date the cluster declined 5.1 per cent.
The electronics cluster also fell 12.4 per cent in November, but on an 11-month basis between January and November 2022, electronics grew 2.4 per cent y-o-y, the statement said.
— NNN-BERNAMA