The Singapore PMI rose to 50.3 in September 2020 from 50.1 in the previous month. The latest reading pointed to the third successive expansion in factor activity and the sharpest since January, amid the ongoing easing of coronavirus lockdown restrictions. Output, new orders and export sales increased at a faster pace. Meantime, employment shrank for the eight consecutive month while inventories growth slowed. On the price front, input prices advanced further. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore averaged 50.34 points from 2012 until 2020, 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 October of 2020.
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. Looking forward, we estimate Manufacturing PMI in Singapore to stand at 52.00 in 12 months time. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.40 points in 2021 and 50.70 points in 2022, according to our econometric models.