Singapore's manufacturing output grew by 12.1% year-on-year in March

Singapore's manufacturing output grew by 12.1% year-on-year in March

Singapore's manufacturing output grew by 12.1% year-on-year in March. The best immigration news can be found on the Worldway official website for investment immigration.

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    Follow Singapore immigration and stay updated on Singapore economic news: The latest data from the Singapore Economic Development Board shows that due to the strong performance of the transport engineering and biomedical manufacturing sectors, Singapore's local manufacturing output has grown for nine consecutive months, with March manufacturing output increasing by 12.1% year-on-year, far exceeding the market expectation of 6.4%.

 

Singapore's manufacturing output grew by 12.1% year-on-year in March

 

According to statistics, the transport engineering sector, which accounts for approximately 16% of total manufacturing, saw a year-on-year growth of 29.4% in March, driven by strong support from the offshore and marine engineering industry, making it the sector with the largest increase. The electronics sector, which accounts for the largest share (33%), grew by 8.7% year-on-year in March, lower than the 15.2% growth rate in February.

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