Singapore chemicals output grows 11.9% YoY in August

24 September 2010 07:43  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s chemical cluster output grew 11.9% year on year in August, with the petrochemicals segment posting the strongest gain of 24.2%, the Economic Development Board (EDB) said on Friday.

“On a year-to-date basis, output of the chemicals cluster was 14.9% higher than the same period in the previous year,” the EDB said in a statement.

Meanwhile, the country’s biomedical manufacturing cluster’s output declined 29% year on year in August, mainly due to a 30.8% drop in output in the pharmaceuticals segment, it said.

The drop was “as a result of a different mix of active pharmaceutical ingredients produced,” the statement added.

Output from the electronics cluster - an important downstream industry of petrochemicals - rose 32.8% year on year in August, according to EDB.

The electronics sector’s computer peripherals segment fell 20.8% in August in comparison to the year-ago period when production levels were high due to re-stocking activities, EDB said.

Singapore ’s overall manufacturing output rose 8.1% year on year in August and expanded 32.5% for the first eight months of 2010, it added.

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By: Nurluqman Suratman

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