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Singapore's manufacturing output down 7.9 pct in December 2015

Xinhua, January 26, 2016 Adjust font size:

Singapore's manufacturing output declined 7.9 percent in December on a yearly basis, the 11th consecutive month of decline, said the country's Economic Development Board (EDB) on Tuesday.

Excluding biomedical manufacturing, manufacturing output fell 13 percent year-on-year, according to an EDB press release.

On a seasonally adjusted month-on-month basis, manufacturing output increased 2 percent in December compared with the previous month. Excluding biomedical manufacturing, the output fell 2.7 percent.

Output of the biomedical manufacturing cluster grew 16.2 percent in December 2015 on a year-on-year basis, this is also the only cluster that has recorded growth. Among them, the medical technology segment grew 36.1 percent on the back of higher export demand for medical devices while output of the pharmaceuticals segment increased 10.4 percent. In 2015, output of the biomedical manufacturing cluster fell 2.6 percent compared to 2014.

Output of the chemicals cluster decreased marginally by 0.3 percent in December, compared to a year ago. Output of the chemicals cluster rose 3.9 percent in 2015 as a whole, according to EDB. Enditem