26 September 2013 08:28 [Source: ICIS news]
SINGAPORE (ICIS)--Singapore’s chemical cluster output grew by 4.9% year on year in August, with most segments reporting growth, official data showed on Thursday.
Output from the petrochemicals segment rose by 10% year on year on the back of new production capacities, with production at the specialties segment up by 3.6% amid higher regional demand, the Singapore Economic Development Board (EDB) said in a statement.
In the first eight months of this year, the output of the chemicals cluster slipped by 0.4% year on year, according to the EDB.
On a year-on-year basis, Singapore’s overall manufacturing output increased by 3.5% in August, it said.
On a seasonally adjusted month-on-month basis, manufacturing output contracted by 1.4% in August.
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