Singapore Economic Development Board announced on Friday that the country's manufacturing output decreased 7.4 percent year on year in May, compared to a revised 13.6-percent increase in April.
Excluding biomedical manufacturing, the output fell 10.4 percent from a year ago.
On a seasonally adjusted month-on-month basis, Singapore's manufacturing output decreased 16.5 percent in May. Excluding biomedical manufacturing, the output decreased 6.2 percent.
The biomedical manufacturing cluster saw its output grow 5.9 percent year on year in May, compared to a revised 100.8-percent growth in the previous month.
Growth in the cluster this May was largely attributed to the pharmaceuticals segment, which expanded 14.7 percent on the back of higher production of active pharmaceutical ingredients and biological products.
However, output of the medical technology segment fell 20.1 percent due to the tighter circuit breaker measures imposed by the Singaporean government to reduce COVID-19 transmission.
As for the performance of other clusters, the electronics cluster's output decreased 1 percent year on year in May. Meanwhile, the precision engineering cluster's output contracted 5.3 percent year on year, while the transport engineering cluster's output decreased 40.7 percent. The chemicals cluster's output fell 13.5 percent, and the general manufacturing industries cluster's output contracted 26.9 percent.
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