Industrial Production Improved On Electronic and Biomedical Gains

Economic Research	27 April 2016
Singapore
Economic Highlights
Industrial Production Improved On Electronic and Biomedical Gains Singapore’s industrial production declined 0.5% y-o-y in March, recovering partially from a 3.8% fall the month before. The moderation in decline was driven by a return to growth of the electronics clusters, while things were further improved as biomedical manufacturing production surged 23.1% y-o-y, accelerating from a 6.0% gain the month before. Meanwhile, output in the chemicals cluster slipped back into contraction, while precision and transport engineering activities shrank at a faster pace than in February, thereby capping some of the upside. Excluding biomedical manufacturing, output decreased 5.5% y-o-y in March, improving on its -6.3% showing the month before. Economist:  Ng Kee Chou | +603 92802179
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