Singapore’s chemicals output rises by 11.1% year on year in June

26 July 2011 09:36  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s manufacturing output from its chemicals cluster rose by 11.1% year on year in June, boosted by strong double-digit growth from the petroleum segment, the Economic Development Board (EDB) said on Tuesday.

Output from the petroleum segment grew by 24.6% year on year in June on the back of improved refining margins and a low base in 2010 due to maintenance shutdowns, EDB said in its monthly manufacturing report.

Meanwhile, output from the specialties and petrochemicals segments rose by 12.8% and 2.8% year on year respectively in June, according to the EDB.

On the other hand, the other chemicals segment declined by 10.6% year on year, it said.

Cumulatively, output of the chemicals cluster grew by 9% from January to June this year, as compared to the same period in 2010, the EDB said..

Singapore’s overall factory manufacturing grew by 10.5% year on year in June, partly boosted by the 38.8% growth in output from the biomedical manufacturing cluster, according to the EDB report.

By: Nurluqman Suratman

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