Subscribers

Biomed cushions dip in manufacturing output for January

But sector's figure is down 7 per cent if volatile biomed segment is excluded

Singapore

MANUFACTURING output may have declined by a less-than-anticipated 0.5 per cent year-on-year in January, but economists remain unimpressed.

With growth largely propped up by the volatile biomedical manufacturing cluster, they warn that the underlying trend for industrial production remains weak.

Indeed, excluding the biomedical sector - which swung back to growth of 28.9 per cent last month on the back of pharmaceuticals production - overall output would have fallen by a larger 7 per cent,...

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes