Singapore's SIPMM Manufacturing PMI dropped to 51.1 in December 2018 from 51.5 in the previous month. It signals the fourth consecutive slowdown in factory activity growth and the fastest since July 2017. Slower increases were seen in new orders and new exports, output, inventories, as well as employment level. The electronics sector PMI extended its decline with a marginal dip of 0.1 points to 49.8 – its lowest print since July 2016 and the second consecutive month of contraction.This was attributed to a first-ever decline in factory output, while the electronics imports index posted its first contraction after recording continuous growth since April 2016. Manufacturing PMI in Singapore averaged 50.60 from 2012 until 2018, reaching an all time high of 53.10 in January of 2018 and a record low of 48.30 in October of 2012.

Manufacturing PMI in Singapore is expected to be 51.40 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 51.70 in 12 months time. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.20 in 2020, according to our econometric models.

Singapore Manufacturing PMI
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Singapore Business Last Previous Highest Lowest Unit
Business Confidence -1.00 7.00 54.00 -57.00 Index Points [+]
Manufacturing PMI 51.10 51.50 53.10 48.30 [+]
Industrial Production 7.60 5.50 58.60 -32.20 percent [+]
Industrial Production Mom 2.80 2.40 29.70 -21.70 percent [+]
Changes in Inventories 4488.80 2972.10 6742.20 -6542.70 SGD Million [+]
Bankruptcies 119.00 173.00 507.00 78.00 Companies [+]
Car Registrations 9923.00 9876.00 16204.00 2659.00 [+]
Leading Economic Index 112.00 112.10 112.70 25.50 Index Points [+]
Internet Speed 20345.58 20174.80 20345.58 2170.47 KBps [+]
IP Addresses 1595352.00 1509471.00 1685917.00 433610.00 IP [+]
Competitiveness Index 83.48 82.97 83.48 5.44 Points [+]
Competitiveness Rank 2.00 2.00 8.00 2.00 [+]
Composite Pmi 52.70 53.80 56.80 49.40 [+]
Ease of Doing Business 2.00 2.00 3.00 1.00 [+]
Corruption Index 84.00 84.00 94.00 84.00 Points [+]
Corruption Rank 6.00 7.00 9.00 1.00 [+]


Singapore Manufacturing PMI

The Singapore PMI is a key barometer of a manufacturing sector in Singapore. A reading above 50 indicates that the factory activity is generally expanding and below 50 that the activity is generally declining. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.10 51.50 53.10 48.30 2012 - 2018 Monthly




Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18


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