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.

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Singapore Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 49.70 49.90 points Oct 2022

Singapore Manufacturing PMI
The Singapore PMI is a key barometer of a manufacturing sector in Singapore. A reading above 50 indicates that the factory activity is generally expanding and below 50 that the activity is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
49.70 49.90 53.10 44.70 2012 - 2022 points Monthly

News Stream
Singapore Factory Sector Downturn Deepens in October
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).
2022-11-02
Singapore Manufacturing Activity Shrinks for 1st Time in Over 2 Years
The Singapore Manufacturing PMI dropped to 49.9 in September 2022 from 50.0 in the previous month, pointing to the first month of contraction in the sector since June 2020, as consumer demand was hit by soaring prices and interest rate hikes. The gauge of activity in the electronics sector, which represents 40 percent of Singapore's industrial output, slipped further into contraction territory in September (49.4 vs 49.6 in August).
2022-10-03
Singapore Manufacturing Sector Remains Sluggish
The Singapore PMI edged lower to 50.1 in July of 2022 from 50.3 in June, pointing to a modest expansion in manufacturing activity. The Electronics Sector PMI fell by 0.3 points to 50.5. "The latest PMI readings signalled a start of the second half-year on a slightly dour outlook for manufacturers. The sector continues to face global headwinds as high inflation hit almost all advanced economies. This further aggravates the costly disruptions on global supply chains due to the pandemic, as well as the prolonged uncertainties arising from the Russia-Ukraine conflict", Sophia Poh, Vice President, Industry Engagement & Development said.
2022-08-03