The Singapore PMI edged down to 50.9 in August of 2021 from 51 in July as local manufacturers continue to be concerned about supply chain disruptions. Manufacturers reported slower expansion of factory output, new orders, inventory, imports, supplier deliveries, and order backlogs. Despite the decrease, the latest reading marks the 14th straight month of expansions in factory activity. Finished goods bounced back after contracting for four straight months, and overall employment expanded for six straight months. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore averaged 50.37 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 September of 2021.
Manufacturing PMI in Singapore is expected to be 50.50 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 50.70 points in 2022, according to our econometric models.