The Singapore PMI edged up to 50.7 in December of 2021 from 50.6 in the previous month, pointing to the eighteenth straight month of expansion amid improving economic conditions and echoed the rising optimism elsewhere in Asia despite heightened concerns about Omicron and supply chain disruptions. A slightly faster expansion rates in indices of new orders, new exports, factory output, inventory and employment offset the lower expansion rates in indices of input prices, supplier deliveries, order backlog and finished goods. Ms Sophia Poh, SIPMM vice-president for industry engagement and development, said that local manufacturers expect manufacturing growth to continue and global pandemic to become endemic in the new year while UOB economist Barnabas Gan expects full-year manufacturing to grow by an average of 4 per cent, underpinned by the buoyant global trade activity, while cautioning against Omicron and sustained rise in prices on the manufacturing outlook. source: Singapore Institute of Purchasing & Materials Management, SIPMM

Manufacturing PMI in Singapore averaged 50.38 points from 2012 until 2021, 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 January of 2022.

Manufacturing PMI in Singapore is expected to be 51.00 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 50.70 50.60 points Dec/21

News Stream
Singapore Manufacturing PMI Edges Up in December
The Singapore PMI edged up to 50.7 in December of 2021 from 50.6 in the previous month, pointing to the eighteenth straight month of expansion amid improving economic conditions and echoed the rising optimism elsewhere in Asia despite heightened concerns about Omicron and supply chain disruptions. A slightly faster expansion rates in indices of new orders, new exports, factory output, inventory and employment offset the lower expansion rates in indices of input prices, supplier deliveries, order backlog and finished goods. Ms Sophia Poh, SIPMM vice-president for industry engagement and development, said that local manufacturers expect manufacturing growth to continue and global pandemic to become endemic in the new year while UOB economist Barnabas Gan expects full-year manufacturing to grow by an average of 4 per cent, underpinned by the buoyant global trade activity, while cautioning against Omicron and sustained rise in prices on the manufacturing outlook.
2022-01-04
Singapore Factory Activity Expands the Least in 9 Months
The Singapore PMI edged down to 50.6 in November of 2021, from 50.8 in the previous month, pointing to the seventeenth straight month of expansion but the most modest since last February. Manufacturing activity in Singapore reflected a trend of moderation seen elsewhere in the region, amid slower growth rates of new orders, new exports, output, inventory, and employment. OCBC Chief Economist Selena Ling said the resurgence of virus waves affected regional economies and added further disruptions to the global supply chain.
2021-12-02
Singapore Manufacturing PMI Unchanged in October
The Singapore PMI stood at 50.8 in October of 2021, the same as in the prior month, marking the sixteenth straight month of expansion. Improvements in the sub-indices of inventory, employment, and supplier deliveries offset slowdowns in new orders, new exports, and output. OCBC Chief Economist Selena Ling said the softening of new orders and new exports might suggest that the peak for foreign demand may have passed, and these will likely slip further after Christmas, adding more downward pressure to the overall picture. Looking ahead, downside risks stemmed mainly from the slowdown in China’s economy, Singapore’s largest export market, after GDP rose less than expected last quarter.
2021-11-02

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.