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.
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