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Economic news

News.az - Latest news from Azerbaijan US-Iran naval confrontation in Hormuz looms over failed Islamabad talks | News.az Russia readies first Yak-130M batch to intercept Ukrainian long-range drones | News.az Moscow and Kyiv trade blame over fresh wave of mutual strikes | News.az Nvidia-backed SiFive hits $3.65 billion valuation for open AI chips | News.az BYD sets Guinness Records, previews new EVs at MIAS 2026 | News.az Russian listed by Memorial as political prisoner goes on hunger strike | News.az US gas prices slide 2 cents to $4.14 a gallon | News.az Pilots' union calls strikes at Lufthansa on April 13, 14 | News.az US military says two of its ships transited the Strait of Hormuz | News.az US has agreed to unfreeze Iranian assets | News.az Malaysia warns of supply shortages as global tensions push up costs | News.az China hospital helps stroke patient walk using mind controlled rehab system | News.az How will Barcelona line up against Espanyol? | News.az China successfully launches test satellite for satellite internet technology support | News.az Iraqi parliament elects Nizar Amedi as country's new president | News.az India raises export duties on diesel, aviation turbine fuel | News.az Lebanese PM delays Washington trip | News.az Sources: Iran's new Supreme Leader has disfiguring injuries | News.az Iraq's Parliament convenes to elect new president | News.az Iran denies U.S. vessel crossed Strait of Hormuz | News.az Microsoft halts all carbon removal purchases | News.az BYD to install 6,000 flash chargers globally | News.az Sirens alert of drone attack from Lebanon in Western Galilee | News.az U.S. warships cross Strait of Hormuz for first time since Iran war started | News.az World Bank and IMF to host 2029 Annual Meetings in Abu Dhabi | News.az Pakistani and Iranian delegations meet for talks in Islamabad | News.az Ships sail through Strait of Hormuz as peace talks begin | News.az Israeli air attacks kill 10 in southern Lebanon | News.az US-Iran negotiations for permanent ceasefire start in Islamabad | News.az
Singapore's industry output jumps on AI demand | News.az
2026-04-27 · via Economic news

Manufacturing output in Singapore increased by 10.1 percent year on year in March, bringing total growth for the first quarter to 7.9 percent, according to official data released on Monday.

In a statement, the Singapore Economic Development Board said that all manufacturing clusters recorded year-on-year growth in March 2026, with the exception of biomedical manufacturing and chemicals, News.Az reports, citing Xinhua.

Electronics output surged by 30 percent, driven by strong performance in infocommunications and consumer electronics, as well as semiconductors. The growth was supported by robust demand linked to applications in artificial intelligence (AI).

The precision engineering sector expanded by 14 percent, with the precision modules and components segment posting higher output of optical instruments, electronic connectors, and metal precision components. The machinery and systems segment also saw gains, benefiting from increased production of semiconductor equipment.

General manufacturing rose by 7.6 percent, led by the miscellaneous industries segment due to higher output of structural metal products and ready-mix concrete. Growth in the food, beverages, and tobacco segment was supported by increased production of beverage concentrates and animal feed.

Transport engineering recorded a 2 percent increase, with both land and aerospace segments expanding. The aerospace segment was supported by higher production of aircraft parts and continued maintenance, repair, and overhaul (MRO) activity from commercial airlines. However, the marine and offshore engineering segment contracted due to lower output of oilfield and gasfield equipment.

In contrast, biomedical manufacturing declined by 14.3 percent, reflecting weaker demand for medical devices and changes in the mix of active pharmaceutical ingredient production.

Chemicals output fell by 16 percent, largely due to reduced production in petroleum and petrochemicals, caused by disruptions in feedstock supply.

On a seasonally adjusted month-on-month basis, overall manufacturing output rose by 4.7 percent in March.

News.Az 

By Nijat Babayev