Manufacturing output down 2.4% in May

Submitted By:  Nathanielle Punay Case Study:  No The chemicals, precision engineering and electronics industries led the decline. Manufacturing output fell 2.4% YoY, or 0.7% MoM, in May, according to the Economic Development Board. Excluding biomedical manufacturing, manufacturing output fell 4.9% YoY and fell 2.1% on a three-month moving average basis. This was attributed to declines in chemicals, precision engineering and electronics industries. read more