The Singapore Economic Development Board (EDB) announced on October 26 that the country's manufacturing output decreased 3.4 percent year on year in September, from the revised 11 percent growth in August.
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Illustrative image (Photo: Economic Times) |
This is the first time the country's manufacturing output has fallen since last October when it decreased 0.4 percent year on year.
Excluding biomedical manufacturing, the output grew 9.4 percent year on year in September, compared to the revised 13.5 percent growth in August.
On a seasonally adjusted month-on-month basis, Singapore's manufacturing output dropped 2.8 percent in September. Excluding biomedical manufacturing, the output fell 5.1 percent.
In the first three quarters of this year, Singapore's manufacturing output grew 11.9 percent year on year. Excluding biomedical manufacturing, the output grew 14.8 percent year on year./.