Singapore's chemicals cluster output down 1.9% in May: govt

26 June 2013 07:45  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s chemicals cluster production fell by 1.9% year on year in May, with all segments recording lower output, official data showed on Wednesday.

Within the cluster, output from the petroleum segment declined by 4.2% year on year, mainly weighed by plant turnarounds, the Economic Development Board (EDB) said in its monthly report.

The specialty chemicals segment saw “lower output in food chemicals and additives”, it said without providing growth figures.

The city-state’s chemicals exports rose by 6.4% year on year in May to Singapore dollar (S$) 4.33bn ($3.41bn) , according to earlier data by International Enterprise (IE) Singapore.

On a year-on-year basis, Singapore’s non-electronic non-oil domestic exports (NODX) expanded by a marginal 0.2% in May, following the 3.3% increase in the previous month.

Output of the chemicals cluster fell by 1.2% year on year in the first five months of this year, the EDB added.

Singapore’s overall manufacturing output rose by 2.1% year on year in May, while output was up by 1.2% on a seasonally adjusted month-on-month basis.

($1 = S$1.27)

By: Nurluqman Suratman

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