Singapore's manufacturing production rose by 16.9% yoy in October 2021, beating market consensus of a 14.5% gain and shifting from a downwardly revised 2.2% fall in September. This was the strongest pace of growth in industrial output since June, boosted by further COVID-19 relaxation. On a monthly basis, manufacturing output grew by 2.4%, compared with consensus of a flat reading and after a 1.9% drop in September. 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 December of 2021.
Industrial Production in Singapore is expected to be -2.00 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.