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Singapore Industrial Output Expands in March
Boosted by output of electronic goods, Singapore's industrial output posted solid gains in March, reported the Economic Development Board (EDB) on Monday.However, Singapore's chemical output declined in March, due to oil shortages.The city-state's total manufacturing output rose 10.1% on year in March, and excluding the volatile biomedical category, rose by 13.5% on year, reported the EDB.On a seasonally adjusted basis, Singapore's manufacturing output increased 4.7% in March from February."All (manufacturing) clusters recorded output growth on a year-on-year basis in March 2026, except biomedical manufacturing and chemicals," said the EDB.Singapore's output of electronic goods grew by 30% on year in March, on the strength of demand for consumer electronics and semiconductors, said the agency.The production of precision engineering goods rose 14% on year in March, while general manufacturing production rose by grew 7.6%, according to the EDB.In contrast, biomedical goods output declined 14.3% on year in March due to "softer demand for medical devices and a different production mix of active pharmaceutical ingredients," said officials.Chemical production declined 16.0%, "due to disruptions in feedstock supply," noted the EDB, a reference to the closure of the Strait of Hormuz.Until recently, more than two-thirds of imported Singapore crude arrived from the Persian Gulf, reported the Observatory of Economic Complexity.
^STI