The Singapore PMI edged up to 50.4 in May of 2022 from 50.3 in the previous month, still pointing towards the 26th month of expansion in factory activity and the fastest pace since January. Growth was supported mainly by faster expansion rates in new orders, input prices and order backlogs. Also, output and employment rose, although at a softer pace. In contrast, the inventory index shrank faster, and supplier deliveries reverted to a contraction after 12 months of expansion. source: Singapore Institute of Purchasing & Materials Management, SIPMM

Manufacturing PMI in Singapore averaged 50.38 points from 2012 until 2022, reaching an all time high of 53.10 points in January of 2018 and a record low of 44.70 points in April of 2020. This page provides the latest reported value for - Singapore Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Manufacturing PMI in Singapore is expected to be 50.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Manufacturing PMI is projected to trend around 51.00 points in 2023, according to our econometric models.

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Singapore Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 50.40 50.30 points May 2022

Singapore Manufacturing PMI
The Singapore PMI is a key barometer of a manufacturing sector in Singapore. A reading above 50 indicates that the factory activity is generally expanding and below 50 that the activity is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
50.40 50.30 53.10 44.70 2012 - 2022 points Monthly

News Stream
Singapore Factory Activity Edges up in May
The Singapore PMI edged up to 50.4 in May of 2022 from 50.3 in the previous month, still pointing towards the 26th month of expansion in factory activity and the fastest pace since January. Growth was supported mainly by faster expansion rates in new orders, input prices and order backlogs. Also, output and employment rose, although at a softer pace. In contrast, the inventory index shrank faster, and supplier deliveries reverted to a contraction after 12 months of expansion.
2022-06-02
Singapore Factory Activity Picks Up in April
The Singapore PMI edged up to 50.3 in April, from a 1-1/2-year low of 50.1 in March, ending a three-month period of faltering growth in the goods producing sector. Factory output was higher than in the previous month, on the back of stronger new orders, domestically and abroad, amid Singapore’s recovery in trade and manufacturing sectors. Employment also rose in April, along with input prices, while businesses expressed concerns about supply crunches and cost pressures.
2022-05-04
Singapore Manufacturing PMI Edges Down in January
The Singapore PMI edged down to 50.6 in January of 2022 from 50.7 in the previous month amid uncertainties due to new COVID variant, geopolitical tensions and slowing momentum in major economies like US and China. However, the reading still pointed to the nineteenth straight month of expansion in manufacturing activity. New orders, new exports, factory output, inventory and employment expanded at slower rates. Also, indexes of imports, supplier deliveries and order backlog eased while indexes of both finished goods and input prices rose at faster rates. Ms. Sophia Poh, SIPMM vice-president for industry engagement and development, said that local manufacturers remain cautiously optimistic that growth will persist in 2022 and that the sector is well positioned to ride out the crisis.
2022-02-03