Singapore's manufacturing production rose by 11.2% yoy in August 2021, slowing from a marginally revised 16.4% gain a month earlier and compared with market forecasts of 8.8%. This was the weakest pace of expansion in four months, amid rising cases of the Delta strain of COVID-19. Output growth eased for precision engineering (22.9% vs 22.9%), mainly due to machinery & systems; transport engineering (23.5% vs 33.2%); and general manufacturing (6.2% vs 10.8%), mostly due to miscellaneous industries. At the same time, biomedical manufacturing fell by 0.6%, after a 78.6% jump in July, mainly dragged down by pharmaceuticals. In contrast, the output of chemicals rebounded (0.4% vs - 5.6%); and that of electronics picked up sharply (15.4% vs 3.2%), amid a strong pickup in semiconductors. On a monthly basis, manufacturing output grew by 5.7%, compared with consensus of a 3.1% gain and after a revised 2.8% drop in July. source: Singapore Economic Development Board
Industrial Production in Singapore averaged 6.98 percent from 1984 until 2021, 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 September of 2021.
Industrial Production in Singapore is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Manufacturing Production is projected to trend around 6.00 percent in 2022, according to our econometric models.