Singapore Manufacturing Production1984-2020 Data | 2021-2023 Forecast | Calendar

Singapore’s manufacturing production surged by 17.9 percent year-on-year in November 2020, beating market consensus of a 15.4 percent growth and after a downwardly revised 0.8 percent fall a month earlier. Production recovered sharply for electronics (34.9% vs -1.1% in October), mostly led by semiconductors (40.9%); and chemicals (10.1% vs -0.6%). In addition, output of biomedical manufacturing grew much more (40.6% vs 10.7%), mainly due to pharmaceuticals (50.8%). Meanwhile production of precision engineering continued to increase (7.3% vs 11.0%), of which precision machinery & systems (9.4%). By contrast, production fell further for both general manufacturing industries (-13.3.0% vs -10.8%) and transport engineering (-29.5% vs -31.6%). On a monthly basis, production jumped 7.2 percent, after a 19 percent plunge in October.

Singapore’s manufacturing production unexpectedly dropped by 0.9 percent year-on-year in October 2020, missing market consensus of a 6.2 percent gain and after an upwardly revised 25.6 percent jump a month earlier. This was the first decline in industrial output since July, as production fell for general manufacturing industries (-12.8.0% vs -9.5% in September); transport engineering (-31.8% vs -35.8%); electronics (-0.6% vs 33.1%), mostly led by consumer electronics (-2.5%); and chemicals (-0.8% vs 0.4%). In addition, output of biomedical manufacturing grew less (10.2% vs 91.2%), mainly due to pharmaceuticals (14.6%). Meanwhile production of precision engineering rebounded sharply (10.6% vs -0.4%), of which precision machinery & systems (16.8%). On a monthly basis, production rose tumbled 19 percent, the first fall in five months, after an upwardly revised 10.5 percent gain in September.

Singapore’s manufacturing production jumped by 24.2% yoy in September 2020, far above market consensus of a 2.5% rise and after an upwardly revised 15.4% gain in August. It was the second straight yearly increase in factory output, and the strongest growth since December 2011 as production of biomedical manufacturing expanded faster (89.8% vs 12.2%), mainly due to pharmaceuticals (113.6%). Meanwhile, output continued to rise for electronics (30.1% vs 45.3%), mostly led by semi conductors (37.4%); and chemicals (0.4% vs 3.3%). In addition, output contracted much less for general manufacturing industries (-8.0% vs -17.8%). On the other hand, output of transport engineering continued to shrink (-35.8% vs -35.7%), while that of precision engineering dropped (-1.5% vs 12.2%), of which precision modules & components (-3.8%). On a monthly basis, production rose by 10.1%, missing market estimates of a 7.8% plunge, and after an upwardly revised 15.5% surge in August.

Singapore’s manufacturing production surged by 13.7% yoy in August 2020, beating market consensus of a 4.6% rise and after a revised 7.6% plunge in July. It was the first yearly increase in factory output in four months, and the strongest growth since March as production rebounded sharply for production of electronics (44.2% vs -0.1% in July), mostly led by semi conductors (56.9%); biomedical manufacturing (8.4% vs -24.3%), mainly due to medical technology (19.3%); and chemicals (3.1% vs -2.4%), mainly driven by petrochemicals (7.8%). In addition, output contracted less for both transport engineering (-36.0% vs -38.8%) and general manufacturing industries (-18.6% vs -22.4%). Meanwhile, output of precision engineering continued to rise (9.4% vs 9.9%), of which machinery & systems (17.0%). On a monthly basis, production jumped by 13.9%, the most since March, far above market estimates of a 2.6% gain, and after an upwardly revised 2.3% rise in July.