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Singapore factory output down 6.9% in April in 7th straight month of contraction

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Tessa Oh

Tessa Oh

Published Fri, May 26, 2023 · 01:00 PM
    • Biomedical manufacturing is the worst-performing cluster in April, clocking an overall contraction of 11.1 per cent on the year.
    • Biomedical manufacturing is the worst-performing cluster in April, clocking an overall contraction of 11.1 per cent on the year. PHOTO: BT FILE

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    SINGAPORE’S factory output fell a surprising 6.9 per cent year on year in April, marking the seventh straight month of contraction as the electronics segment continued to be the main drag on growth, data from the Singapore Economic Development Board (EDB) showed on Friday (May 26).

    April’s contraction was higher than March’s revised figure of a 3.8 per cent fall, and worse than the 4.5 per cent decline that private-sector economists polled by Bloomberg were expecting.

    Excluding the biomedical cluster, which is typically volatile, factory output fell 6.1 per cent year on year in April.

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    Singapore manufacturingSingapore economy

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