The Singapore Manufacturing PMI fell further to 49.7 in October of 2022 from 49.9 in the prior month, pointing to the second straight month of contraction in the factory activity since June 2020. Key indices of new orders, factory output, and inventory declined faster, amid global economic headwinds arising from high inflation and geopolitical uncertainties. Also, the gauge of activity in the electronics sector, which represents 40 percent of Singapore's industrial output, slipped further into contraction (49.1 vs 49.4 in September). source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore averaged 50.37 points from 2012 until 2022, 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 November of 2022.
Manufacturing PMI in Singapore is expected to be 50.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.40 points in 2023 and 51.00 points in 2024, according to our econometric models.