The Singapore PMI edged down to 50.6 in November of 2021, from 50.8 in the previous month, pointing to the seventeenth straight month of expansion but the most modest since last February. Manufacturing activity in Singapore reflected a trend of moderation seen elsewhere in the region, amid slower growth rates of new orders, new exports, output, inventory, and employment. OCBC Chief Economist Selena Ling said the resurgence of virus waves affected regional economies and added further disruptions to the global supply chain. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore averaged 50.38 points from 2012 until 2021, 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 December of 2021.
Manufacturing PMI in Singapore is expected to be 50.40 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 50.70 points in 2022 and 51.00 points in 2023, according to our econometric models.