February 2012
Manufacturing Performance

Last Updated: 26 March 2012

Highlights

  • On a year-on-year basis, Singapore's manufacturing output grew 12.1% in February 2012. Excluding biomedical manufacturing, output increased 7.1%.
  • On a seasonally adjusted month-on-month basis, manufacturing output contracted 1.1% in February 2012. Excluding biomedical manufacturing, output declined 0.1%.

(I) Total Manufacturing Performance

  • On a year-on-year basis, manufacturing output grew 12.1% in February 2012. Excluding biomedical manufacturing, output increased 7.1%. On a three-month moving average basis, manufacturing output expanded 8.1% in February 2012 compared to a year ago. On a seasonally adjusted month-on-month basis, manufacturing output contracted 1.1% in February 2012. Excluding biomedical manufacturing, output declined 0.1%.

(II) Performance by cluster

  • Output of the biomedical manufacturing cluster grew 38.3% in February 2012 on a year-on-year basis, with both the pharmaceuticals and medical technology segments recording strong output growth.  Pharmaceuticals output increased 37.7% with higher production of active pharmaceutical ingredients and the medical technology segment expanded 41.6% as export demand for medical devices remained healthy. On a year-to-date basis, output of the biomedical manufacturing cluster was 33.8% higher compared to the same period a year ago.
  • The transport engineering cluster's output expanded 32.4% year-on-year in February 2012.  Within the cluster, the marine & offshore engineering segment recorded robust growth of 41.7%, which was supported by higher percentage of completion in oil rig and oil field related equipment projects.  Output of the aerospace segment also grew strongly, at 22.2%. Output of the transport engineering cluster in the first two months of 2012 increased 20.0%, compared to the same period in 2011.
  • The precision engineering cluster expanded 19.0% year-on-year in February 2012. The output of the machinery & systems and precision modules & components segments increased 23.3% and 14.7% respectively, partly due to lower activities in February last year during the Chinese New Year holidays.  On a year-to-date basis, output of the precision engineering cluster was 0.6% higher than the same period a year ago.
  • The general manufacturing cluster's output grew 16.4% year-on-year in February 2012 with all segments recording higher output.  This was mainly due to a low base in February last year when many plants shut down for the Chinese New Year holidays. On a year-to-date basis, the general manufacturing cluster's output grew 2.0%.
  • The chemicals cluster fell 2.9% year-on-year in February 2012, with all segments recording declines.  Output of the specialty chemicals (-0.2%) and petroleum (-0.3%) segments fell marginally from a year ago while the petrochemicals and other chemicals segments declined by 6.0% and 7.1% respectively, largely due to plant shutdowns.  On a year-to-date basis, chemicals output declined 7.9%.
  • Output of the electronics cluster was 6.0% lower in February 2012 compared to a year ago.  The data storage segment’s output surged 78.7% in February as the segment ramped up production, on the back of strong demand and a shortage of disk drives after the flood in Thailand.  However, output of the semiconductors segment remained weak, declining 21.2% in February. Cumulative output of the cluster in the first two months of 2012 fell 18.6% compared to the same period last year.
  • The next monthly manufacturing performance media release will be issued on 26 April 2012.


Editors' Note: Updates on Monthly Manufacturing Output are available on http://www.news.gov.sg and http://www.sedb.com

For media enquiries, please contact 
Ms Karen Lin 
(Tel: 68326587/ Handphone: 96230355/ Email: karen_lin@edb.gov.sg)

For further information, please contact 
Mr Chong Tse Ming 
(Tel: 68326677/ Handphone: 91547959/ Email: quin_chong@edb.gov.sg)

DOWNLOADS
Growth of Manufacturing Sector
Growth of Manufacturing Sector

Supporting tables and charts for February 2012 manufacturing performance report.

26 March 2012
Manufacturing Report


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