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Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/		 Previous
Period Data		 % Change
(Y-o-Y)  2/
Manufacturing            
Industrial Production Index (2019=100)
Feb-24 110.4 3.8 120.0 0.6
Total Output 3/ 4/ 5/ S$m 2023 413,931 -10.4 462,054 17.1
Value Added 4/ S$m  2023 115,644 -15.1 136,145 18.0
Employment 4/ '000  2023 360.9 0.8 358.0 2.2
Remuneration 4/ S$m 2023 25,389 2.2 24,839 7.9
Change in Unit Labour Cost of Manufacturing % 2023  84.6 10.0 76.9 9.5

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Classified according to Singapore Standard Industrial Classification (SSIC) 2020.
4 Refers to all manufacturing establishments.
5 Includes manufacturing output and other operating income.