Singapore’s manufacturing production rose 8.3% year-on-year in December 2025, easing from an upwardly revised 18.2% growth in November and falling short of the expected 10.1% increase. This marks the softest rise since a decline in August, weighed down by a sharp fall in biomedical manufacturing (-38.8% vs 79.1% in November), primarily due to lower pharmaceutical output (-69.7%). Production also contracted in chemicals (-1.6% vs 2.1%), while transport engineering expanded at a slower pace (19.9% vs 24.2%). Meanwhile, electronics output grew faster (30.8% vs 18.1%), driven by a steeper rise in semiconductors (32.4%). Production also increased for precision engineering (3.4% vs 2.4%) and remained unchanged for general manufacturing industries (0% vs -2.6%). On a monthly basis, manufacturing activity slumped 13.3%, the largest decline since October 2020, following a 7.8% drop in November.