\n<\/p>\n
Biomedical drag masks electronics growth.<\/strong><\/p>\n Singapore’s manufacturing output fell 0.1% YoY in February, as a sharp decline in biomedical manufacturing offset continued growth in electronics.<\/p>\n Excluding biomedical manufacturing, output rose 3.9%, suggesting the headline weakness was concentrated in one cluster rather than broad-based across the sector.<\/p>\n On a seasonally adjusted month-on-month basis, overall manufacturing output fell by 7.2%, whilst output excluding biomedical fell by 9.4%.<\/p>\n Electronics was the only cluster to post year-on-year growth in February, rising 13.7%.<\/p>\n Semiconductor output increased by 14.6%, whilst infocomms and consumer electronics grew by 21.9%, and other electronic modules and components rose by 40.4%, with the release attributing part of that strength to AI-related demand.<\/p>\n All other clusters recorded declines from a year earlier, which the release said was largely due to plant shutdowns during the Lunar New Year period. Biomedical manufacturing was the main drag, falling 27.3%, with pharmaceuticals down 18.0% and medical technology down 30.4%.<\/p>\n Chemicals output fell 4.6%, precision engineering declined 3.5%, transport engineering slipped 0.2%, and general manufacturing industries dropped 5.7%.<\/p>\n Despite the weaker February print, total manufacturing output for the first two months of 2026 was still up 6.9%, whilst output excluding biomedical manufacturing rose 12.4%.<\/p>\n<\/p><\/div>\n