26 January 2011 07:54 [Source: ICIS news]
SINGAPORE (ICIS)--Singapore’s manufacturing output from its chemical cluster grew 9.1% year on year in December last year, with higher output in the petroleum and petrochemicals segments offsetting declines in other segments, the city-state’s Economic Development Board (EDB) said on Wednesday.
Output of the city-state’s biomedical manufacturing cluster expanded 1.2% year on year in December, it said.
“The moderated performance in the cluster was mainly due to a pullback in pharmaceuticals output, as a different mix of active pharmaceutical ingredients was produced,” the EDB said.
Overall, Singapore's manufacturing output increased 9% year on year in December. Excluding biomedical manufacturing, output grew 10.8%, according to the EDB.
On a seasonally adjusted month-on-month basis, manufacturing output declined 11.8% in December 2010, the EDB added.
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