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.