Singapore's manufacturing output rises 13% in May, driven by AI-related demand

Singapore factory output growth eases to 13% in May; electronics to remain key driver

Output in the key electronics sector is up 35.8%, easing from April’s 40.3% increase Read more at The Business Times.

Singapore's manufacturing output rises 13% in May, driven by AI-related demand

Singapore's manufacturing output rose by 13 per cent year-on-year in May, driven mainly by growth in the electronics, precision engineering and general manufacturing clusters.Excluding biomedical manufacturing, output in May increased by 17.7 per cent, according to official data from the Economic Development Board (EDB) released on Friday (June 26).On a seasonally adjusted month-on-month basis, manufacturing output decreased by 0.7 per cent, whi…