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Singapore's manufacturing expands 12.6% in February, more than expected, on surging chip output

According to data from the Economic Development Board released on Friday (March 24), semiconductors segment posted robust growth of 63.6 per cent, precision engineering cluster expanded 26.2 per cent, while the general manufacturing output grew 3.3 per cent. Chemicals cluster also grew 1.9 per cent year-on-year.

Biomedical manufacturing fell 2.6 per cent, overall factory output rose 17.1 per cent while transport engineering cluster continued to contract, shrinking 9.6 per cent mainly due to poor sentiment in marine and offshore engineering. Read more

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