Singapore's manufacturing production expanded 13.8% yoy in May 2022, easily beating market estimates of 5.8 rise and accelerating from an upwardly revised 6.4% gain in April. This was the eighth straight month of increase in manufacturing output and the steepest pace since February, amid further easing of COVID-19 curbs. Production growth picked up strongly for electronics (33.6% vs 10.4% in April), mainly boosted by semiconductors. Also, output rose further for precision engineering (3.2% vs 4.7%), mostly led by machinery & systems; transport engineering (12.9% vs 16.6%), lifted by aerospace; and general industries (9% vs 11.4%), driven by food, beverages & tobacco and printing. By contrast, production fell for both biomedical manufacturing (-7.2% vs -1.1%), due to pharmaceuticals; and chemicals (-3.4% vs -3.4%), largely linked to petrochemicals. On a monthly basis, manufacturing output rose 10.9%, the most in three months, way faster than a marginally revised 2.1% rise in April. source: Singapore Economic Development Board

Industrial Production in Singapore averaged 7.05 percent from 1984 until 2022, 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 June of 2022.

Industrial Production in Singapore is expected to be 9.00 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 3.00 percent in 2023, according to our econometric models.

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Singapore Manufacturing Production



Calendar GMT Actual Previous Consensus TEForecast
2022-05-26 05:00 AM Apr 6.2% 5.1% 5.1% 3.8%
2022-06-24 05:00 AM May 13.8% 6.4% 5.8% 7.9%
2022-07-26 05:00 AM Jun 13.8%


Related Last Previous Unit Reference
Industrial Production Mom 10.90 2.10 percent May 2022
Industrial Production 13.80 6.40 percent May 2022

Singapore Manufacturing Production
In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.
Actual Previous Highest Lowest Dates Unit Frequency
13.80 6.40 58.60 -32.30 1984 - 2022 percent Monthly
2015=100, NSA

News Stream
Singapore Manufacturing Output Growth at 3-Month Peak
Singapore's manufacturing production expanded 13.8% yoy in May 2022, easily beating market estimates of 5.8 rise and accelerating from an upwardly revised 6.4% gain in April. This was the eighth straight month of increase in manufacturing output and the steepest pace since February, amid further easing of COVID-19 curbs. Production growth picked up strongly for electronics (33.6% vs 10.4% in April), mainly boosted by semiconductors. Also, output rose further for precision engineering (3.2% vs 4.7%), mostly led by machinery & systems; transport engineering (12.9% vs 16.6%), lifted by aerospace; and general industries (9% vs 11.4%), driven by food, beverages & tobacco and printing. By contrast, production fell for both biomedical manufacturing (-7.2% vs -1.1%), due to pharmaceuticals; and chemicals (-3.4% vs -3.4%), largely linked to petrochemicals. On a monthly basis, manufacturing output rose 10.9%, the most in three months, way faster than a marginally revised 2.1% rise in April.
2022-06-24
Singapore Manufacturing Growth Tops Consensus
Singapore's manufacturing production advanced 6.2% yoy in April 2022, beating market estimates of a 5.1% rise and accelerating from an upwardly revised 5.1% gain in March. The latest reading pointed to the seventh straight month of increase in manufacturing output amid further easing COVID-19 restrictions. Production rebounded for precision engineering (3.5% vs -1.3%), amid a further rise in electronics (10.4% vs 14.4%), general industries (10.3% vs 10.3%), and transport engineering (17.2% vs 22.8%), mostly led by marine & offshore engineering. At the same time, biomedical manufacturing fell much softer (-1.1% vs -18.4, amid an upturn in medical technology. Meanwhile, output of chemicals 3.4% after rising 0.9%, due to a further fall in petrochemicals. On a monthly basis, manufacturing output grew 2.2%, turning from a downwardly revised 11.2% fall in March, and compared with forecasts of an 8.1% growth.
2022-05-26
Singapore Manufacturing Output Growth Eases
Singapore's manufacturing production expanded 3.4% yoy in March 2022, compared with market estimates of 3.5% and slowing sharply from a downwardly revised 17.5% surge in February. The latest reading pointed to the sixth straight month of increase in manufacturing output amid an improvement in the COVID-19 situation. Production moderated for both electronics (14.5% vs 32.0%) and general industries (10.2% vs 11.7%) while there was a decline in the output of both biomedical manufacturing (-26.3% vs 26.1%), dragged down by pharmaceuticals; and precision engineering (-1.4% vs 1.1%). In contrast, production accelerated strongly for transport engineering (20.7% vs 5.0%), mostly led by aerospace; amid a rebound in chemicals (0.8% vs -2.4%). On a monthly basis, manufacturing output slumped 12.6%, the steepest decline since October 2020, worse than forecasts of a 3.9% drop and reversing sharply from an upwardly revised 16.8% jump in February.
2022-04-26