|
|
|
|
|
|
 |
 |
Monthly Manufacturing Performance - May 2008 |
|
| |
(I) Total Manufacturing Performance
- Manufacturing output for the first five months of 2008 increased by 3.7% over the same period in 2007. On a three-month moving average year-on-year basis, output for May increased by 0.2%. The seasonally adjusted index for May dipped 5.7% from April. Production in May dropped 12.8% compared to the same month last year, largely due to a contraction in the biomedical manufacturing cluster.
(II) Performance by cluster
- The transport engineering cluster grew 13.0% in May 2008 compared with the same month last year. The marine & offshore engineering segment remained robust, expanding by 25.6% in May. The aerospace segment grew 2.9%, while the land transport segment shrank 7.7%. Cumulative output of the transport engineering cluster for the first five months of 2008 increased 7.3% compared to the same period last year.
- The electronics cluster grew by 3.8% year-on-year in May, with almost all segments recording positive growth. Output of the semiconductors segment rose 4.6%, whilst the computer peripherals and data storage segments grew by 13.2% and 12.4% respectively. However, output of the infocomms & consumer electronics segment decreased 22.1%. For the first five months of 2008, cumulative output of the electronics cluster was 2.8% higher than the same period last year.
- The general manufacturing industries grew 3.4% year-on-year in May. The food, beverages and tobacco industries grew 8.5%, while the printing segment contracted by 3.3%. Cumulative output of the general manufacturing industries for the first five months of 2008 rose 1.7% compared to the same period in 2007.
- Output of the chemicals cluster grew by 2.2% in May this year, compared with the same month last year. Refineries’ throughput surged 14.9% due to low levels of production in May the previous year. The petrochemicals segment shrank 3.9% due to some maintenance shutdowns within the month of May. The specialty chemicals segment grew 2.8% whilst the other chemicals segment contracted 29.5%. Cumulative output in the first five months of 2008 was 1.0% higher than in the same period last year.
- The precision engineering cluster contracted 4.8% in May, as the level of output in all segments of the cluster dropped compared with the same month last year. The machinery & systems segment and the precision modules & components segment shrank 0.3% and 8.4% respectively. Cumulative output in the first five months of 2008 was 1.5% lower than in the same period last year.
- The biomedical manufacturing cluster contracted 55.1% in May, compared to the same month last year. Output of the pharmaceuticals segment shrank by 58.2% due to a different mix of active pharmaceutical ingredients produced. The medical technology segment also shrank by 9.5%. Cumulative output of the cluster for the first five months of 2008 was 8.5% higher compared to the same period in 2007.
- The Monthly Index is available from the Research & Statistics Unit of the Economic Development Board. For further information, please contact Miss Millie Lam by tel - 6832 6031 / fax – 6832 6493 / email milliel@edb.gov.sg.
- The next monthly manufacturing performance media release will be issued on 25th July 2008.
Editors’ Note: Updates on Monthly Manufacturing Output are available on http://www.sprinter.gov.sg and http://www.sedb.com
For media enquiries, please contact Mr Alex Tan (Tel: 6832 6284/ Handphone: 9841 0392/ Email: alex_tan@edb.gov.sg)
|
| |
|
|
|
|
|
|
|
|
