The output value of manufacturing industry increased by 5.9% year-on-year in April, higher than market expectations

Looking closely at various major fields, the transportation engineering field performed the most impressively, up 22.9% year-on-year. Among them, the aerospace industry rose by 39.5%, thanks to rising demand for maintenance, repair and renovation (MRO).
The second is the electronics field, with output value increasing by 15.2% year-on-year in April, among which the output value of information and communications and consumer electronics, semiconductors, computer peripherals and data storage industries increased by 67.8%, 11.7% and 11.3% respectively.
Singapore's manufacturing output value increased by 5.9% year-on-year in April, achieving growth for the 10th consecutive month, also higher than economists' expectations of 2.6%; in comparison, the output value increased by 6.8% in March.
The Singapore Economic Development Bureau (EDB) issued a statement on Monday (May 26) stating that if the volatility of the biopharmaceutical manufacturing industry is excluded, the output value of the manufacturing industry will increase by 8.1%. After seasonal adjustments, the output value in April increased by 5.3% month-on-month; if the biopharmaceutical manufacturing industry is excluded, it increased by 4.7% month-on-month.