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. source: Singapore Economic Development Board

Industrial Production in Singapore averaged 6.80 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 January of 2021.

Industrial Production in Singapore is expected to be 8.50 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 6.00 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
17.90 -0.80 58.60 -32.30 1984 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-25 05:00 AM Aug 13.7% -7.6% 4.6% -3.5%
2020-10-26 05:00 AM Sep 24.2% 15.4% 2.5% 1.8%
2020-11-26 05:00 AM Oct -0.9% 25.6% 6.2% 3.3%
2020-12-24 05:00 AM Nov 17.9% -0.8% 15.4% 5.5%
2021-01-26 05:00 AM Dec 17.9% 8.5%
2021-02-26 05:00 AM Jan
2021-03-26 05:00 AM Feb
2021-04-26 05:00 AM Mar


News Stream
Singapore Manufacturing Output Rebounds
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.
2020-12-24
Singapore Manufacturing Output Unexpectedly Falls
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.
2020-11-26
Singapore Manufacturing Growth Accelerates Sharply
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.
2020-10-26
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 Production
In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.