Manufacturing output drops 3.1% YoY in December 2022

Excluding biomedical manufacturing, output would have grown by 0.3% YoY.

Manufacturing output fell 3.1% YoY in December 2022, dragged by the biomedical manufacturing cluster whose output dropped by 20.3% YoY.

Data from the Economic Development Board (EDB) showed that excluding biomedical manufacturing, the overall output would have increased by 0.3% YoY.

According to the EDB, the biomedical manufacturing output declined due to contractions in the medical technology and pharmaceuticals segments, which fell 14.7% YoY and 24.3% YoY, respectively.

Apart from biomedical manufacturing, the general manufacturing (-2.8% YoY), precision engineering (-4.1% YoY), and chemicals (-9.5% YoY) clusters recorded decreases in their output.

On the other hand, the output of transport engineering and electronics clusters grew in December, rising 9.3% YoY and 4.6% YoY, respectively.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit