Singapore's manufacturing sector ends 2020 with a 14.3% increase in output in December

Singapore’s manufacturing sector ended 2020 on a high, with output expanding by 14.3% year-on-year in the last month of the year, following broad based expansions across most segments save biomedical manufacturing.

Excluding this segment, the increase in output widened to 19.8%, according to data released by Singapore’s Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry (MTI).

Still, December’s showing falls a little short of the 17.9% increase registered in the previous month.