Singapore February chemical output grows 10.7%

26 March 2010 09:47  [Source: ICIS news]

SINGAPORE (ICIS news)--Singapore’s chemical output in February grew 10.7% year on year, led by the petrochemicals and specialties segments, the Economic Development Board (EDB) said on Friday.

Production of petrochemicals during the month surged 41.9% year on year, while specialties chemicals output grew 25.4%, it said.

“This was due mainly to the low base in the same period last year, when demand was weak,” said the EDB.

Total output of the chemicals cluster for the first two months of 2010 was 14.6% higher year on year, it said.

Singapore’s chemical output in 2009 fell by 8.8% year on year, according to an earlier report from the EDB.

The city-state's production of electronics, an important downstream industry for the chemicals sector, grew 57% year on year in February due to higher demand, coupled with the low base in 2009, according to the EDB.

Overall, Singapore’s manufacturing output in February increased by 19.1%  from the same month in 2009, the EDB said.

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By: Nurluqman Suratman



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