SINGAPORE, July 26 — Singapore’s manufacturing output decreased 4.9 per cent in June 2023 on a year-on-year basis, announced the republic’s Economic Development Board...
SINGAPORE, July 26 — Singapore’s manufacturing output decreased 4.9 per cent in June 2023 on a year-on-year basis, announced the republic’s Economic Development Board .On a three-month moving average basis, it said manufacturing output decreased 7.3 per cent in June 2023 compared with a year ago.
It said the aerospace segment grew 16.7 per cent due to higher demand for aircraft parts as well as more maintenance, repair and overhaul jobs from commercial airlines on the back of increased global air traffic. On the biomedical manufacturing cluster, it said the output decreased 1.8 per cent year-on-year in June 2023.
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