Singapore’s manufacturing output declined by 8.0 percent year-on-year in August 2019, compared to market expectations of a 0.7 percent drop and following a revised 0.1 percent contraction in the previous month. This was the fourth straight month of yearly decrease in factory output, due to a slump in electronics output (-24.4 percent vs flat reading in July) and precision engineering production (-13.6 percent vs -7.8 percent) and a slowdown in general manufacturing industries growth (5.8 percent vs 6.8 percent). On the other hand, output grew faster for both biomedical manufacturing (10.6 percent vs 1.1 percent) and chemicals (2.7 percent vs 2.5 percent), while rebounded for transport engineering (0.5 percent vs -1.4 percent). On a monthly basis, manufacturing production fell unexpectedly by 7.5 percent in August, missing consensus of a 0.1 percent rise. Industrial Production in Singapore averaged 6.87 percent from 1984 until 2019, reaching an all time high of 58.60 percent in May of 2010 and a record low of -32.20 percent in March of 2009.

Industrial Production in Singapore is expected to be -2.60 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 3.00 in 12 months time. In the long-term, the Singapore Manufacturing Production is projected to trend around 6.00 percent in 2020, according to our econometric models.

Singapore Manufacturing Production
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-26 05:00 AM Industrial Production YoY May -2.4% -0.1% -2.2% -2.4%
2019-07-26 05:00 AM Industrial Production YoY Jun -6.9% -2% -7.9% -1.7%
2019-08-26 05:00 AM Industrial Production YoY Jul -0.4% -8.1% -4.9% -7.2%
2019-09-26 05:00 AM Industrial Production YoY Aug -8.0% -0.1% -0.7% -1.2%
2019-10-25 05:00 AM Industrial Production YoY Sep -8.0% -3.7% -2.6%
2019-11-26 05:00 AM Industrial Production YoY Oct
2019-12-26 05:00 AM Industrial Production YoY Nov


Singapore Business Last Previous Highest Lowest Unit
Business Confidence -11.00 1.00 54.00 -57.00 Index Points [+]
Manufacturing PMI 49.50 49.90 53.10 48.30 [+]
Industrial Production -8.00 -0.10 58.60 -32.20 percent [+]
Industrial Production Mom -7.50 3.60 29.70 -21.80 percent [+]
Changes in Inventories 2462.80 2176.00 5885.80 -5379.50 SGD Million [+]
Bankruptcies 127.00 126.00 507.00 78.00 Companies [+]
Car Registrations 8179.00 8135.00 16204.00 2659.00 [+]
Leading Economic Index 108.10 109.30 109.90 23.70 Index Points [+]
Internet Speed 20345.58 20174.80 20345.58 2170.47 KBps [+]
IP Addresses 1595352.00 1509471.00 1685917.00 433610.00 IP [+]
Services Sentiment 2.00 4.00 37.00 -53.00 [+]
Competitiveness Index 84.78 83.48 84.78 5.44 Points [+]
Competitiveness Rank 1.00 2.00 8.00 1.00 [+]
Composite Pmi 48.30 48.70 56.80 48.30 [+]
Corruption Index 85.00 84.00 94.00 84.00 Points [+]
Corruption Rank 3.00 6.00 9.00 1.00 [+]
Ease of Doing Business 2.00 2.00 3.00 1.00 [+]


Singapore Manufacturing Production

In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-8.00 -0.10 58.60 -32.20 1984 - 2019 percent Monthly




Country Last Previous
Argentina -6.40 Aug/19
Australia 1.90 Jun/19
Brazil -2.30 Aug/19
Canada -1.12 Jul/19
China 5.80 Sep/19
Euro Area -2.80 Aug/19
France -1.40 Aug/19
Germany -4.00 Aug/19
India -1.10 Aug/19
Indonesia 14.70 Aug/19
Italy -1.80 Aug/19
Japan -4.70 Aug/19
Mexico -1.30 Aug/19
Netherlands -0.60 Aug/19
Russia 3.00 Sep/19
Saudi Arabia 1.40 Dec/18
Singapore -8.00 Aug/19
South Africa -1.80 Aug/19
South Korea -2.90 Aug/19
Spain 1.70 Aug/19
Switzerland 4.80 Jun/19
Turkey -3.60 Aug/19
United Kingdom -1.80 Aug/19
United States -0.10 Sep/19


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