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Singapore Manufacturing Output Declines By 9.1 Percent In September

Source: Government of Singapore
Posted on: 26th October 2009

On a seasonally adjusted month-on-month basis, Singapore manufacturing output declined by 9.1% in September 2009

Monthly Manufacturing Performance – September 2009

Highlights

  • On a seasonally adjusted month-on-month basis, Singapore manufacturing output declined by 9.1% in September 2009. Excluding biomedical manufacturing, output in September remained unchanged.
  • On a year-on-year basis, manufacturing output declined 7.7% in September 2009. Output contracted 5.8% if biomedical manufacturing was excluded.

Total Manufacturing Performance

Manufacturing output declined by 9.1% in September 2009 on a seasonally adjusted month-on-month basis. Excluding biomedical manufacturing, output in September remained unchanged. On a yearon- year basis, manufacturing output declined 7.7% in September 2009. Excluding biomedical manufacturing, output declined 5.8%. On a threemonth moving average basis, total manufacturing output in September

2009 increased 6.6% compared to the corresponding period last year. Cumulative output in the first nine months of 2009 contracted by 6.9% compared to the same period in 2008.

(II) Performance by cluster

  • The electronics cluster output recorded a marginal decline of 1.1% in September year-on-year. Strong demand for computer peripherals products led the segment to maintain positive growth of 33.8% in September. Decline in the semiconductor segment moderated to 2.3% as demand for semiconductors pick up. The data storage and infocomms & consumer electronics segments continued to see year-onyear decline of 20.4% and 27.4% respectively. For the first nine months of 2009, the electronics cluster contracted 21.2% compared to the same period in 2008
  • Output of the general manufacturing industries contracted 3.8% yearon- year in September 2009. Output of both miscellaneous industries and food, beverages & tobacco segments fell by a marginal 0.8%, while the printing segment contracted by 13.4%. Cumulative output in the first nine months of 2009 fell 6.7% compared to the same period in 2008.
  • The output of the transport engineering cluster fell 8.1% in September2009 compared with the same month last year. The marine & offshore engineering segment contracted 8.6% in September with lower level of activities in rig building and ship repair & conversion compared to the same period a year ago. On a similar note, output of the aerospace segment fell 7.8% due to fewer repair and servicing jobs. Cumulative output of the transport engineering cluster fell 1.5% in the first nine months of the year compared to the same period in 2008.
  • Output for the chemicals cluster declined 8.7% year-on-year inSeptember 2009. The petrochemical and specialties segments fell 1.7% and 7.9% respectively. Refineries’ throughput fell 16.1% due to maintenance shutdowns and weak refining margins. Overall, the chemicals cluster shrank 15.0% on a year-to-date basis.
  • The output in the biomedical manufacturing cluster contracted 13.9% year-on-year in September 2009. The medical technology segment saw output rose by 4.3%. Output of the pharmaceuticals segment, on the other hand, fell 15.2% in September after advancing strongly in the past few months. Cumulative output of the biomedical manufacturing cluster from January to September 2009 increased 23.6% compared to the same period in 2008.
  • The output of the precision engineering cluster registered year-on-year decline of 14.3% in September 2009. The precision modules & components and machinery & systems segments declined by 12.3% and 16.3% respectively in September. The cluster’s output from January to September 2009 was 21.2% lower than the output level in the same period last year.
  • The next monthly manufacturing performance media release will be issued on 26th November 2009.

Editors’ Note: Updates on Monthly Manufacturing Output are available on
http://www.news.gov.sg and http://www.sedb.com

About the Singapore Economic Development Board
EDB is the lead government agency for planning and executing strategies to enhance Singapore’s position as a global business centre and grow the Singapore economy. We dream, design and deliver solutions that create value for investors and companies in Singapore. In so doing, we generate economic opportunities and jobs for the people of Singapore; and help shape Singapore’s economic future.

‘Host to Home’ articulates how EDB is sharpening its economic development strategies to position Singapore for the future. It is about extending Singapore’s value proposition to businesses not just in helping them improve their bottom line, but also in helping them grow their top line. EDB plans to build on existing strengths and add new layers of capabilities to enable Singapore to become a ‘Home for Business’, a ‘Home for Innovation’ and a ‘Home for Talent’.

For more information on how EDB can help your business, please visit www.sedb.com

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