Singapore revises upward manufacturing performance for January
Singapore revised upwards its manufacturing growth for January and said on Tuesday processes have been strengthened to avoid such mistakes in the future. ( dpa )
It blamed the faulty figures previously released on a "computational error."
After re-computing the data, manufacturing output for January rose at a higher rate of 11.7 per cent instead of 6.0 per cent reported last month, the Economic Development Board (EDB) said.
Manufacturing accounts for one-third of Singapore's gross domestic product worth 243 billion Singapore dollars (176 billion US dollars) last year.
"We sincerely apologize of any inconvenience," said the EDB's statement.
The key electronics cluster recorded growth of 8.7 per cent instead of contracting by 6.7 per cent," the EDB said.
Higher output was recorded in all the segments with production of computer peripherals and data storage rising by 14.9 per cent and 14.4 per cent respectively. Output of semiconductors was also higher by 6.8 per cent.
Manufacturing output increased by 11.7 per cent in January compared to the corresponding month in 2007. "The surge in output by the biomedical manufacturing cluster boosted the increase," the EDB said.