The Singapore PMI edged up to 50.7 in January of 2021, the highest since March of 2019 and compared to 50.5 in the previous month. The reading pointed to the 7th straight month of growth in the manufacturing sector due to faster increases in new orders, new exports, factory output, a slower expansion rate of the inventory index, and a slower contraction in employment. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore averaged 50.34 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 February of 2021.
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. Looking forward, we estimate Manufacturing PMI in Singapore to stand at 50.40 in 12 months time. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.70 points in 2022, according to our econometric models.