Commodities Buzz: Singapores Manufacturing Output Rises 11.1% In May

Singapore Economic Development Board announced on Tuesday that the city-states manufacturing output grew 11.1 percent year on year in May, compared to the 9.1 percent increase in April. Excluding biomedical manufacturing, output grew 9.8 percent year on year in May, compared to 9.2 percent in April. In the first five months, Singapores manufacturing output grew 9.8 percent year on year.

On a seasonally adjusted month-on-month basis, Singapores manufacturing output increased 0.4 percent in May. Excluding biomedical manufacturing, output fell 1.2 percent. In a breakdown and on a year-on-year basis, the electronics clusters output increased 17.1 percent in May, while the chemicals cluster, the transport engineering cluster, the biomedical manufacturing cluster, the precision engineering cluster and the general manufacturing industries saw their outputs up 8.6 percent, 3 percent, 17.7 percent, 0.8 percent and 5.2 percent, respectively.