The Singapore PMI edged lower to 50.1 in July of 2022 from 50.3 in June, pointing to a modest expansion in manufacturing activity. The Electronics Sector PMI fell by 0.3 points to 50.5. "The latest PMI readings signalled a start of the second half-year on a slightly dour outlook for manufacturers. The sector continues to face global headwinds as high inflation hit almost all advanced economies. This further aggravates the costly disruptions on global supply chains due to the pandemic, as well as the prolonged uncertainties arising from the Russia-Ukraine conflict", Sophia Poh, Vice President, Industry Engagement & Development said. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore averaged 50.38 points from 2012 until 2022, 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 2022.
Manufacturing PMI in Singapore is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Manufacturing PMI is projected to trend around 51.00 points in 2023, according to our econometric models.