Singapore’s manufacturing output up 2.1% in April 2021

Singapore’s industrial output slowed further in April, growing just 2.1% from a year ago. This was largely due to a slowdown in the biomedical sector, with output falling 22.7%. Even with medical technology output growing nearly 13% with higher export demand, the sector was weighed down by pharmaceuticals. It slid nearly 25% on-year, against last year’s 140% spike in output. Precision engineering output logged the highest growth at 20.4%, buoyed by strong global investment in semiconductors. An expert said Singapore’s manufacturing outlook remains positive as global economic activity picks up.

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