Singapore April chemicals output grows 8.9% on year

26 May 2014 07:15  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s chemicals production in April rose by 8.9% year on year, tracking the overall increase in the country’s manufacturing output, its Economic Development Board (EDB) said on Monday.

The petrochemicals segment grew by 19.2% year on year in April, “as the plants continued to ramp up production on the back of expanded capacities”, the EDB said in a statement.

The specialties segment grew 4.9%, boosted by higher regional demand and new production capacities, it said.

For the first four months of 2014, overall output of the chemicals cluster grew by 7.7% compared with the same period last year, according to the EDB.

On a year-on-year basis, Singapore’s overall manufacturing output grew by 4.6% in April, while on a seasonally-adjusted month-on-month basis, manufacturing output fell by 4.7%, it said.

By: Nurluqman Suratman

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