Singapore’s chemicals cluster output dips 2.5% in July

24 August 2012 11:00  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s chemicals cluster output fell by 2.5% year on year in July, weighed by the 9.3% fall in production at the petroleum segment, official data showed on Friday.

The petrochemical segment’s output was up by 1.9% year on year in July, supported by higher production of polymers, the Economic Development Board (EDB) said in a statement without elaborating further.

On a year-on-year basis, Singapore’s overall manufacturing output grew by 1.9% in July 2012, according to the EDB.

Excluding biomedical manufacturing, overall output fell 0.4% year on year, it said.

On a seasonally adjusted month-on-month basis, manufacturing output fell by 9.1% in July 2012. Excluding biomedical manufacturing, output fell 4.2%, the EDB added.

By: Nurluqman Suratman

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