Singapore's manufacturing output up by 7.4%

Singapore's manufacturing output increased 7.4% in July 2011. The output of the precision engineering cluster grew 7.1% year-on-year. The machinery & systems segment recorded higher output of air-conditioning equipment, machine tools and semiconductor related equipment. On the other hand, the precision modules & components segment's output declined 4.7% with lower production of electronic connectors and plastic precision components. On a year-to-date basis, the output of the precision engineering cluster was 24.5% higher than the same period a year ago.

Output of the transport engineering cluster rose 1.2% year-on-year in July 2011. The land transport segment recorded an output gain of 24%, followed by the aerospace segment which expanded by 7.2%. However, growth in the cluster was partially offset by declines in the marine and offshore engineering segment due to a lower volume of work in the shipyards. Cumulatively, output of the cluster grew 5.8% in the first seven months of 2011, compared to the same period last year.