The Singapore PMI edged higher to 50.9 in April of 2021, from 50.8 in the previous month, pointing to the tenth consecutive month of expansions in factory activity and the highest level since December of 2018. Manufacturers registered faster growth in the sub-indexes of new orders, new exports, and employment, more than offsetting a steeper contraction in supplier deliveries and slower increases in factory output and inventory. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore averaged 50.35 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 May 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 50.00 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.