Singapore’s manufacturing production dropped by 1.1 percent year-on-year in February 2020, after rising an upwardly revised 3.5 percent in the previous month and compared with market estimates of a 2 percent fall. Electronics output declined further (-17.3% vs -6.1% in January), of which semiconductors (-18.7% vs -6.3%) and computer peripherals & data storage (-17.4% vs -14.4%). Additionally, biomedical manufacturing output growth slowed (6.4% vs 41.3%), namely pharmaceuticals (5.3% vs 59.5%). Meanwhile, chemicals production rebounded (5.2% vs -5.6%), mostly due to precision engineering (26.2% vs 14%), transport engineering (10.9% vs -8.5%) and general manufacturing industries (16.1% vs -10.5%). On a monthly basis, industrial production tumbled 22.3 percent in February, after an upwardly revised 18.7 percent gain in January, its sharpest decline on record, amid the coronavirus pandemic that halted the country's business activities and heavily disrupted supply-chain.

Industrial Production in Singapore averaged 6.78 percent from 1984 until 2020, 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 April of 2020. source: Singapore Economic Development Board

Industrial Production in Singapore is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Singapore to stand at 4.00 in 12 months time. In the long-term, the Singapore Manufacturing Production is projected to trend around 6.00 percent in 2021, according to our econometric models.

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Singapore Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 3.50 58.60 -32.30 1984 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-26 05:00 AM Nov -9.3% 3.6% 0.8% 1.5%
2020-01-24 05:00 AM Dec -0.7% -8.9% -0.8% -4.5%
2020-02-26 05:00 AM Jan 3.4% -3.7% -5.3% -5.6%
2020-03-26 05:00 AM Feb -1.1% 3.5% -2% -3.5%
2020-04-24 05:00 AM Mar -1.1% 1.5%
2020-05-26 05:00 AM Apr
2020-06-26 05:00 AM May
2020-07-24 05:00 AM Jun 3%


News Stream
Singapore Manufacturing Output Falls Less than Expected
Singapore’s manufacturing production dropped by 1.1 percent year-on-year in February 2020, after rising an upwardly revised 3.5 percent in the previous month and compared with market estimates of a 2 percent fall. Electronics output declined further (-17.3% vs -6.1% in January), of which semiconductors (-18.7% vs -6.3%) and computer peripherals & data storage (-17.4% vs -14.4%). Additionally, biomedical manufacturing output growth slowed (6.4% vs 41.3%), namely pharmaceuticals (5.3% vs 59.5%). Meanwhile, chemicals production rebounded (5.2% vs -5.6%), mostly due to precision engineering (26.2% vs 14%), transport engineering (10.9% vs -8.5%) and general manufacturing industries (16.1% vs -10.5%). On a monthly basis, industrial production tumbled 22.3 percent in February, after an upwardly revised 18.7 percent gain in January, its sharpest decline on record, amid the coronavirus pandemic that halted the country's business activities and heavily disrupted supply-chain.
2020-03-26
Singapore Manufacturing Output Unexpectedly Rebounds in January
Singapore’s manufacturing production grew 3.4 percent year-on-year in January 2020, rebounding from an upwardly revised 3.7 percent fall in the previous month and easily beating market consensus of a 5.3 percent decline. This was the first increase in industrial output since October last year, boosted by biomedical manufacturing (41.1 percent vs -2 percent in December); and precision engineering (18.1 percent vs 8.8 percent). Meanwhile, output fell further for electronics (-7.2 percent vs -1.1 percent); chemicals (-5.5 percent vs -3.8 percent); transport engineering (-9.3 percent vs -17.2 percent) and general manufacturing industries (-10.6 percent vs -7.2 percent). On a monthly basis, industrial production surged 18.2 percent in January, following an upwardly revised 6.3 percent gain in December.
2020-02-26
Singapore Manufacturing Output Beats Estimates
Singapore’s manufacturing output declined by 0.7 percent year-on-year in December 2019, compared with market consensus of a 0.8 percent fall and after an upwardly revised 8.9 percent slump in the previous month. Declines were seen in production of chemicals (-5.2% vs -9.9% in November), general manufacturing industries (-10% vs -0.8%), and transport engineering (-14.1% vs 2.6%). By contrast, there was an upturn in production of both electronic (0.2% vs -22.2%) and biomedical manufacturing (10.3% vs -6.1%), while precision engineering output advanced much faster (7.7% vs 3.6%). On a monthly basis, industrial production grew by 4.1 percent in December, shifting from a revised 9.4 percent plunge in November.
2020-01-24
Singapore Manufacturing Shrinks the Most in 4 Years
Singapore’s manufacturing output unexpectedly tumbled by 9.3 percent year-on-year in November 2019, defying market expectations of a 0.8 rise and after a downwardly revised 3.6 percent gain in the previous month. This was the first decline in industrial production in 3 months, and the steepest yearly drop since December 2015, as output fell for electronics (-20.9 pct vs 0.9 pct in October); general manufacturing industries (-1.5 pct vs 3.8 pct); biomedical manufacturing (-10.3 pct vs 24.1 pct), while chemicals production dropped faster (-10.0 pct vs -9.4 pct). On the other hand, transport engineering production rebounded (2.1 percent vs -4.9percent) while precision engineering output rose faster (9.7 percent vs 3.6 percent). On a monthly basis, manufacturing production unexpectedly plunged 9.4 percent in November, compared to consensus of a 1.1 percent gain and following a downwardly revised 3.0 percent advance in October.
2019-12-26

Singapore Manufacturing Production
In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.