Singapore's November manufacturing output declines by 7.5 per cent
Singapore - Singapore9s November manufacturing output declined by 7.5 per cent compared with the same month last year, according to the Economic Development Board Friday.
On a seasonally adjusted month-on-month basis, output rose 6.2 per cent in November, due to a higher level of production in the biomedical manufacturing cluster, the state agency said.
The three-month moving average year-on-year index for November fell 5.5 per cent compared to the same period last year.
Cumulative manufacturing output for the first eleven months of 2008 fell 3.3 per cent compared with the same period last year.
While biomedical the manufacturing and transport engineering sectors expanded, output of the chemical industry dropped by 20.1 per cent year-on-year, while the petrochemicals segment was down 31.6 per cent.
The electronics cluster shrank 19.4 per cent in November, compared with the same month last year. (dpa)