Singapore chemicals cluster output declines 3.7%; petchems up 1.6%

26 March 2013 09:19  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s chemical cluster output fell by 3.7% year on year in February this year, tracking the decline in overall manufacturing which was partly weighed by a dip in activities over the Lunar New Year period, official data showed on Wednesday.

While output at the petrochemicals segment of the cluster grew by 1.6% year on year, production at the petroleum and specialties segments fell by 2.6% and 5.9% respectively, the Economic Development Board (EDB) said in its monthly report.

Output of the chemicals cluster in the first two months of this year fell by 0.1% year on year, it said.

The city-state’s overall manufacturing output contracted by 16.6% year on year in February.

On a seasonally adjusted month-on-month basis, Singapore’s manufacturing output declined 0.7% in February.

By: Nurluqman Suratman

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