Singapore has maintained its GDP growth forecast for 2022 at 3-5 percent. (Photo: CGTN)
SINGAPORE, March 25 (Xinhua) -- The Singapore Economic Development Board (EDB) said on Friday that the country's manufacturing output rose 17.6 percent year-on-year in February 2022, compared to a revised 2.4-percent increase in January.
Excluding biomedical manufacturing, the output grew 16.8 percent year-on-year in February, compared to a revised 4.9-percent growth in the previous month.
On a seasonally adjusted month-on-month basis, Singapore's manufacturing output increased 16.6 percent in February. Excluding biomedical manufacturing, output grew 12.3 percent.
As for the performance of different clusters, the electronics cluster's output surged 32.4 percent year-on-year in February this year.
The chemicals cluster's output declined 2.7 percent year-on-year in February. In the precision engineering sector, a growth of 1 percent year-on-year was recorded in the month.
The transport engineering cluster's output increased 4.5 percent year-on-year in February, while that of the general manufacturing cluster rose 12.6 percent year-on-year last month.
The biomedical manufacturing cluster saw its output grow 25.3 percent year-on-year in February, compared to a revised 8.8-percent decline in January.
