6/26/2007 5:18:17 AM Singapore manufacturing output rose 17.7% from the previous year in May, though at a slightly slower pace, on the back of solid performances from biomedical and transport engineering sectors, the government data indicated Tuesday. Last month, the growth was 18.8% on year.
On a seasonally adjusted basis, manufacturing output rose 4.0%, down from 8.0% growth posted in the prior month. The three-month moving average index for May rose 10.6% on year compared to 5.1% growth previously.
The biomedical-manufacturing sector continued to post solid gains in May, with a 76.2% jump in output, following a 98.5% spike last month.
The transport engineering sector expanded 39.5% in May, for the fourth consecutive month, boosted by 69.6% growth in the marine & offshore segment. Last month, marine & offshore segment expanded 32.0%, contributing significantly to the 24.4% overall gain in the sector.
Meanwhile, the general manufacturing industries grew 6.7% in May, due mainly to higher production in the food, beverages and tobacco industries.
In contrast, production in chemical and precision engineering industries fell 5.5% and 2.3% respectively from last year.
The annual growth in electronic sector came flat in May, as expansions in semiconductor and electronic components were offset by contractions in other segments like infocomms and consumer electronics.
Cumulatively, manufacturing output in the first five months rose 9.9% from a year ago period, the report said.
On a seasonally adjusted basis, manufacturing output rose 4.0%, down from 8.0% growth posted in the prior month. The three-month moving average index for May rose 10.6% on year compared to 5.1% growth previously.
The biomedical-manufacturing sector continued to post solid gains in May, with a 76.2% jump in output, following a 98.5% spike last month.
The transport engineering sector expanded 39.5% in May, for the fourth consecutive month, boosted by 69.6% growth in the marine & offshore segment. Last month, marine & offshore segment expanded 32.0%, contributing significantly to the 24.4% overall gain in the sector.
Meanwhile, the general manufacturing industries grew 6.7% in May, due mainly to higher production in the food, beverages and tobacco industries.
In contrast, production in chemical and precision engineering industries fell 5.5% and 2.3% respectively from last year.
The annual growth in electronic sector came flat in May, as expansions in semiconductor and electronic components were offset by contractions in other segments like infocomms and consumer electronics.
Cumulatively, manufacturing output in the first five months rose 9.9% from a year ago period, the report said.
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