26 September 2012

EDB - Monthly Manufacturing Performance (August 2012)


http://www.edb.gov.sg/content/edb/en/news-and-events/news/2012/manufacturing-performance-august-2012.html

Monthly Manufacturing Performance
August 2012

Last Updated: 26 September 2012
Highlights
  • On a year-on-year basis, Singapore’s manufacturing output declined 2.2% in August 2012.  Excluding biomedical manufacturing, output fell 5.4%.
  • On a seasonally adjusted month-on-month basis, manufacturing output declined 2.3% in August 2012.  Excluding biomedical manufacturing, output fell 2.7%.
(I) Total Manufacturing Performance
  • On a year-on-year basis, manufacturing output declined 2.2% in August 2012.  Excluding biomedical manufacturing, output fell 5.4%.  On a three-month moving average basis, manufacturing output increased 2.9% in August 2012, compared to a year ago.  On a seasonally adjusted month-on-month basis, manufacturing output declined 2.3% in August 2012.  Excluding biomedical manufacturing, output fell 2.7%.

(II) Performance by cluster
  • Output of the biomedical manufacturing cluster expanded 13.0% on a year-on-year basis in August 2012, led by the pharmaceuticals segment which grew 13.6%.  The medical technology segment increased 9.9% on the back of higher production of medical devices.  On a year-to-date basis, output of the biomedical manufacturing cluster was 19.9% higher, compared to the same period a year ago. 
  • The chemicals cluster’s output grew 6.6% year-on-year in August 2012.  The petrochemicals segment posted a strong growth of 33.8% in August, due in part to the low base last year when many plants were shut down for maintenance.  On the other hand, the specialty chemicals segment fell 5.5% on the back of weak regional demand, while the petroleum segment contracted 7.0% due to maintenance shutdowns.  On a year-to-date basis, chemicals output declined 3.2%, compared to the same period a year ago.
  • Output of the general manufacturing cluster increased 4.8% in August 2012 compared to the same period a year ago.  The miscellaneous industries segment increased 11.4%, supported by higher production of batteries, metal containers and construction related products, while the food, beverages & tobacco segment grew 3.9%.  On a cumulative basis, the general manufacturing cluster’s output grew 2.8% from January to August, compared to the same period last year.
  • The precision engineering cluster’s output increased 3.8% year-on-year in August 2012.  Within the cluster, the machinery & systems segment’s output grew 4.7% on the back of higher export demand for semiconductor related equipment.  The precision modules & components segment rose 2.8% on account of higher output of dies, moulds, jigs and fixtures and optical instruments and photographic equipment.  On a year-to-date basis, output of the precision engineering cluster grew 2.0%, compared to the same period a year ago. 
  • Output of the transport engineering cluster contracted 20.1% on a year-on-year basis in August 2012.  The land transport segment expanded 34.5%, but this was more than offset by declines in the other segments.   Output of the aerospace segment declined 10.0% due to a slowdown in demand for engine repair jobs from the US and Europe. The marine & offshore engineering segment fell 27.2% as a result of lower contributions from oil rig projects.  Output of the transport engineering cluster in the first eight months of 2012 increased 13.6%, compared to the same period in 2011.   
  • The electronics cluster’s output declined 7.3% in August 2012 compared to a year ago on the back of continued weak export demand.  Cumulatively, output of the cluster in the first eight months of 2012 fell 12.0%, compared to the same period in 2011.
  • The next monthly manufacturing performance media release will be issued on 25 October 2012.

Editors' Note: Updates on Monthly Manufacturing Output are available on http://www.news.gov.sg and http://www.sedb.com
For media enquiries, please contact
Mr Mustaffa Ehsan
(Tel: 68326037/Handphone: 92958025/ Email: mustaffa_ehsan@edb.gov.sg)
For further information, please contact
Mr Chong Tse Ming
(Tel: 68326677/ Handphone: 91547959/ Email: quin_chong@edb.gov.sg)

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