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Singapore’s manufacturing output decreases by 0.8% in October, marking first y-o-y contraction since Sept 2021

Felicia Tan
Felicia Tan11/25/2022 02:18 PM GMT+08  • 2 min read
Singapore’s manufacturing output decreases by 0.8% in October, marking first y-o-y contraction since Sept 2021
This is the first y-o-y contraction since September 2021. Photo: Bloomberg
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Singapore’s manufacturing output decreased by 0.8% y-o-y in October, the first contraction since September 2021.

The y-o-y contraction was due to declines in the electronics, chemicals and the biomedical manufacturing clusters, which fell by 0.7%, 9.7% and 14.5% y-o-y respectively.

The decline in electronics were due to the fall in computer peripherals & data storage and other electronic modules & components segments on the back of softening demand and offset by the growth in the infocomms & consumer electronics and semiconductors segments.

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