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 October 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Singapore Manufacturing Production


Calendar GMT Actual Previous Consensus TEForecast
2021-06-25 05:00 AM May 30% 2.3% 23.6% 9%
2021-07-26 05:00 AM Jun 27.5% 27% 26.8% 27%
2021-08-26 05:00 AM Jul 16.3% 28.0% 20.2% 19%
2021-09-24 05:00 AM Aug 11.2% 16.4% 8.8% 16%
2021-10-26 05:00 AM Sep 11.2%
2021-11-26 05:00 AM Oct
2021-12-24 05:00 AM Nov


News Stream
Singapore Manufacturing Growth Slows
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.
2021-09-24
Singapore Manufacturing Growth Below Consensus
Singapore's manufacturing production grew by 16.3% yoy in July 2021, slowing from an upwardly revised 28% jump a month earlier and missing market forecasts of 20.2%. Still, this was the ninth straight month of gains, as activity in the economy continued following an acceleration in COVID-19 vaccinations. Production growth eased for precision engineering (20.3% vs 21.3%), due to machinery & systems; and general manufacturing (11% vs 16.8%), led by miscellaneous industries. Also, electronic output rose 1.5%, compared with a 27.4% jump in June, amid falls in semiconductors. At the same time, the output of chemicals fell 5.6%, after a 30.8% climb in June. In contrast, production gained faster for both biomedical manufacturing (86.6% vs 44.7%), driven by pharmaceuticals and medical technology; and transport engineering (33.1% vs 27%). On a monthly basis, manufacturing output fell by 2.6%, compared with consensus of a 0.3% drop and after a downwardly revised 2.6% drop in June.
2021-08-26
Singapore Manufacturing Growth Beats Estimates
Singapore's manufacturing production surge 27.5% yoy in June 2021, beating market forecasts of 26.8%, and accelerating slightly from a downwardly revised 27% rise a month earlier. This was the eleventh straight month of growth in manufacturing output and the steepest pace since November 2010, as activity in the economy gained steam following a ramped-up in COVID-19 vaccinations. Output growth accelerated for: electronics (26.2% vs 23.6% in May), mostly led by semiconductors; chemicals (30.6% vs 16.1%), mainly petroleum petrochemicals; and biomedical manufacturing (42.5% vs 36.5%), boosted by pharmaceuticals, and medical technology. Meanwhile, output continued to expand for precision engineering (22.2% vs 33.2%), of which machinery & systems; transport engineering (28.3% vs 45.9%); general manufacturing (17.4% vs 25.0%) On a monthly basis, manufacturing output unexpectedly fell by 3.0%, compared with consensus of a 0.3% rise and after a downwardly revised 4.4% rise in May.
2021-07-26
Singapore Manufacturing Growth Accelerates Strongly
Singapore's manufacturing production jumped 30% yoy in May 2021, beating market forecasts of 23.6% and picking up sharply from an upwardly revised 2.3% rise a month earlier. This was the tenth straight month of growth in manufacturing output and the steepest pace since November 2010, as activity in the economy gained steam following a ramped-up in COVID-19 vaccinations. Output growth accelerated for: electronics (23.2% vs 7.2% in April), mostly led by semiconductors; chemicals (16.2% vs 14.5%), mainly petrochemicals; precision engineering (58.6% vs 19.5%), of which machinery & systems; transport engineering (44% vs 17.9%); and general manufacturing (27.8% vs 16.4%). In addition, biomedical manufacturing production rebounded strongly (35.6% vs -22.9%), boosted by pharmaceuticals (38%), and medical technology (7.6%). On a monthly basis, manufacturing output unexpectedly grew by 7.2%, compared with consensus of a 0.9% drop and after a revised 0.4% fall in April.
2021-06-25

Singapore Last Unit Reference Previous Highest Lowest
Industrial Production Mom 5.70 percent Aug/21 -2.80 28.63 -21.99
Industrial Production 11.20 percent Aug/21 16.40 58.60 -32.30


Singapore Manufacturing Production
In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.