FX.co ★ Singapore Manufacturing Output Growth Slows

Singapore's manufacturing production experienced a 5.9% year-over-year increase in April 2025, easing from an upwardly revised growth rate of 6.8% in the previous month. This deceleration was primarily attributed to declines in certain sectors, including general manufacturing industries, which saw a decrease of 15.2%, compared to a 12.7% drop in March, and biomedical manufacturing, which fell by 1.1% after a significant rise of 17.3% previously. Additionally, chemical production saw a decline, albeit at a reduced rate of 3.2%, compared to a 6.3% drop in March. Conversely, output continued to rise in several areas: transport engineering increased by 22.9% compared to 21.3% in the previous month, electronics grew by 15.2%, up from 11.2%, and precision engineering rose by 1.6%, following a 0.4% increase. On a seasonally adjusted monthly basis, manufacturing output surged by 5.3% in April, rebounding strongly from a downwardly revised 2.7% decline in March.