The Singapore PMI increased to 50.2 in July of 2020 from 48 in the previous month, pointing to the first expansion in the manufacturing sector since January. A faster rate of expansion was recoded for new orders, amid a first-time expansion in new exports, factory output, and the inventory index. Slower contractions were recorded for the indexes of finished goods, imports, and input prices, while the order backlog index expanded for the first time after five months of contraction.
Manufacturing PMI in Singapore averaged 50.34 points from 2012 until 2020, reaching an all time high of 53.10 points in January of 2018 and a record low of 44.70 points in April of 2020. This page provides the latest reported value for - Singapore Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore is expected to be 47.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Singapore to stand at 51.00 in 12 months time. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.40 points in 2021 and 50.70 points in 2022, according to our econometric models.