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.

Industrial Production in Singapore averaged 6.75 percent from 1984 until 2020, reaching an all time high of 58.60 percent in May of 2010 and a record low of -32.30 percent in March of 2009. This page provides the latest reported value for - Singapore Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Singapore Economic Development Board

Industrial Production in Singapore is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Singapore to stand at 4.00 in 12 months time. In the long-term, the Singapore Manufacturing Production is projected to trend around 6.00 percent in 2021, according to our econometric models.

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Singapore Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
13.70 -7.60 58.60 -32.30 1984 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-26 05:00 AM May -7.4% 13.6% 6.6% 11.5%
2020-07-24 05:00 AM Jun -6.7% -8.1% 0.8% 8.5%
2020-08-26 05:00 AM Jul -8.4% -6.5% -5.7% -7.5%
2020-09-25 05:00 AM Aug 13.7% -7.6% 4.6% -3.5%
2020-10-26 05:00 AM Sep 13.7% 0.8%
2020-11-26 05:00 AM Oct
2020-12-24 05:00 AM Nov


News Stream
Singapore Factory Output Rises the Most in 5 Months
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.
2020-09-25
Singapore Manufacturing Output Shrinks the Most in 8 Months
Singapore’s manufacturing production tumbled by 8.4% yoy in July 2020, worse than market consensus of a 5.7% fall and after a downwardly revised 6.5% drop in June. It was the third straight month of yearly decline in factory output, and the steepest decrease since last November as production dropped more for transport engineering (-39.8% vs -37.4% in June); general manufacturing industries (-22.2% vs -13.1%), while production of electronics fell by 1.4%, after increasing 17.8% in June, mostly led by computer peripherals & data storage (-20.8%). Also, output continued to fall for biomedical manufacturing (-24.8% vs -30.1%), mainly due to pharmaceuticals (-30.5%); and chemicals (-2.4% vs -11.7%), mainly dragged by petroleum (-16.0%). In addition, output of precision engineering increased less (9.3% vs 10.2%), of which machinery & systems (20.4%). On a monthly basis, production went up by 1.6%, far below market estimates of a 6% gain and after an upwardly revised 0.6% gain in June.
2020-08-26
Singapore Manufacturing Output Falls Unexpectedly
Singapore’s manufacturing production unexpectedly slumped by 6.7% yoy in June 2020, missing market consensus of a 0.8% rise and after an upwardly revised 8.1% tumble in May. It was the second straight month of declines in manufacturing output, as production dropped for chemicals (-12.1% vs -13.4%), mainly dragged by petroleum (-34.2%) and specialities (-27.3%); transport engineering (-33.9% vs -42.1%); general manufacturing industries (-13.9% vs -26.7%), and biomedical manufacturing (-30.6% vs 1.9%), mainly due to pharmaceuticals (-37.4%). Meantime, output rebounded sharply for precision engineering (9.1% vs -6.6%), of which machinery & systems (11.1%), precision modules & components (2.9%). Also, production of electronics rose by 17.3%, after a flat reading in May, mostly led by semiconductors (26.0%). On a monthly basis, production went up by 0.2%, far below market estimates of a 10.3% gain and after a downwardly revised 15.8% plunge in May.
2020-07-24
Singapore Factory Falls the Most in 6 Months
Singapore’s manufacturing production unexpectedly slumped by 7.4 percent year-on-year in May 2020, missing market consensus of a 6.6 percent rise and after an upwardly revised 13.6 percent jump in April. It was the first decline in manufacturing output in 3 months and the steepest fall since November last year. Production decreased for precision engineering (-5.3% vs 10% in April), of which precision modules & components (-23%); electronics (-1.0% vs 1.3%), mostly led by computer peripherals & data storage (-23.5%); chemicals (-13.5% vs -6.8%), mainly driven by petroleum (-19%) and others (-21.8%); transport engineering (-40.7% vs -25%); and general manufacturing industries (-26.9% vs -21%). In addition, output of biomedical manufacturing rose softer (5.9% vs 100.8%), mainly due to pharmaceuticals (14.7% ). On a monthly basis, production plunged by 16.5 percent, worse than estimates of a 6 percent drop and after a revised 0.5 percent fall in April.
2020-06-26

Singapore Manufacturing Production
In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.