Singapore chemical cluster output up 9.1% in December 2010

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.

Singapore’s chemicals cluster grew 12.9% year on year in 2010, the EDB said in a statement.

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.

Singapore’s biomedical output grew 49.8% year on year in 2010, it added.

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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By: Nurluqman Suratman

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