Singapore Manufacturing Production2021 Data | 2022 Forecast | 1984-2020 Historical

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.

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.

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.

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.