26.06.202505:07:59UTC+00Singapore Manufacturing Output Growth at 3-Month Low

In May 2025, Singapore's manufacturing production experienced a year-on-year increase of 3.9%, a decline from the adjusted 5.6% rise in April, yet it outperformed market forecasts of a 2.6% climb. This marks the slowest annual growth in manufacturing output since February, primarily driven by a significant deceleration in electronics production, which slowed to 3.9% from April's 14.6%. This reduction was chiefly influenced by sharp downturns in computer peripherals and data storage sectors. Conversely, production surged in precision engineering (rising from 1.6% to 10.3%) and transport engineering (increasing from 22.4% to 25.6%). Biomedical manufacturing saw a recovery, improving from a -1.8% decline to a 6.1% increase, as did the chemicals sector, which shifted from a -3.1% decrease to a modest 0.3% growth. On the other hand, the general manufacturing industries continued to contract, albeit at a reduced rate of -8.9%, compared to the previous -15.1%. Seasonally adjusted monthly figures indicate a 0.4% decline in manufacturing output for May, reversing from the revised upward figure of 4.9% in April. This decrease was less severe than the anticipated market drop of 2.5%.