Singapore’s manufacturing production unexpectedly slumped by 7.4 percent year-on-year in May 2020, missing market consensus of a 6.6 percent rise and after an upwardly revised 13.6 percent jump in April. It was the first decline in manufacturing output in 3 months and the steepest fall since November last year. Production decreased for precision engineering (-5.3% vs 10% in April), of which precision modules & components (-23%); electronics (-1.0% vs 1.3%), mostly led by computer peripherals & data storage (-23.5%); chemicals (-13.5% vs -6.8%), mainly driven by petroleum (-19%) and others (-21.8%); transport engineering (-40.7% vs -25%); and general manufacturing industries (-26.9% vs -21%). In addition, output of biomedical manufacturing rose softer (5.9% vs 100.8%), mainly due to pharmaceuticals (14.7% ). On a monthly basis, production plunged by 16.5 percent, worse than estimates of a 6 percent drop and after a revised 0.5 percent fall in April.

Industrial Production in Singapore averaged 6.79 percent from 1984 until 2020, reaching an all time high of 58.60 percent in May of 2010 and a record low of -32.30 percent in March of 2009. This page provides the latest reported value for - Singapore Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Singapore Economic Development Board

Industrial Production in Singapore is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Singapore to stand at 4.00 in 12 months time. In the long-term, the Singapore Manufacturing Production is projected to trend around 6.00 percent in 2021, according to our econometric models.

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Singapore Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-7.40 13.60 58.60 -32.30 1984 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-26 05:00 AM Feb -1.1% 3.5% -2% -3.5%
2020-04-24 05:00 AM Mar 16.5% -0.7% -6.3% -1.5%
2020-05-26 05:00 AM Apr 13.0% 16.5% -0.6% -1.2%
2020-06-26 05:00 AM May -7.4% 13.6% 6.6% 11.5%
2020-07-24 05:00 AM Jun -7.4% 8.5%
2020-08-26 05:00 AM Jul
2020-09-24 05:00 AM Aug
2020-10-26 05:00 AM Sep 0.8%


News Stream
Singapore Factory Falls the Most in 6 Months
Singapore’s manufacturing production unexpectedly slumped by 7.4 percent year-on-year in May 2020, missing market consensus of a 6.6 percent rise and after an upwardly revised 13.6 percent jump in April. It was the first decline in manufacturing output in 3 months and the steepest fall since November last year. Production decreased for precision engineering (-5.3% vs 10% in April), of which precision modules & components (-23%); electronics (-1.0% vs 1.3%), mostly led by computer peripherals & data storage (-23.5%); chemicals (-13.5% vs -6.8%), mainly driven by petroleum (-19%) and others (-21.8%); transport engineering (-40.7% vs -25%); and general manufacturing industries (-26.9% vs -21%). In addition, output of biomedical manufacturing rose softer (5.9% vs 100.8%), mainly due to pharmaceuticals (14.7% ). On a monthly basis, production plunged by 16.5 percent, worse than estimates of a 6 percent drop and after a revised 0.5 percent fall in April.
2020-06-26
Singapore Manufacturing Output Unexpectedly Grows
Singapore’s manufacturing production unexpectedly increased by 13.0 percent year-on-year in April 2020, easily beating market consensus of a 0.6 percent fall and after a 16.5 percent jump in March. Production grew further for both biomedical manufacturing (100.5 percent vs 91.4 percent), mainly due to pharmaceuticals (141.3 percent); and precision engineering (5.9 percent vs 21.2 percent), of which machinery (10.3 percent). In addition, output of electronics rebounded (0.8 percent vs -9.2 percent), mostly led by semiconductors (3.6%). Conversely, production fell for chemicals (-6.8 percent vs 0.6 percent), mainly driven by petroleum (-5.9 percent) and petrochemicals (-11.7 percent); transport engineering (-24.1 percent vs 7.6 percent); and general manufacturing industries (-20.2 percent vs -7.9 percent). On a monthly basis, production rose by 3.6 percent, defying estimates of a 9.1 percent drop and after a 21.7 percent surge in March.
2020-05-26
Singapore Manufacturing Unexpectedly Rebounds
Singapore’s manufacturing production unexpectedly jumped 16.5 percent year-on-year in March 2020, swinging from a downwardly revised 0.7 percent fall in the prior month and easily beating market consensus of a 6.3 percent drop. This was the steepest growth in industrial output since January 2018, boosted by production of biomedical manufacturing (91.4% vs 6.7% in February), in particular pharmaceuticals (126.6%); precision engineering (21.1% vs 27.4%), of which machinery (28.7%); transport engineering (7.6% vs 11%), and chemicals (0.8% vs 5.2%). In contrast, output fell for both electronics (-9.2% vs -16.9%), led by computer peripherals (-22.5%) and semiconductors (-7.9%); and general manufacturing industries (-7.9% vs 15.4%). On a monthly basis, production soared 21.7 percent in March, after a marginally revised 22.1 percent fall in February, its sharpest monthly rise since January 2011.
2020-04-24
Singapore Manufacturing Output Falls Less than Expected
Singapore’s manufacturing production dropped by 1.1 percent year-on-year in February 2020, after rising an upwardly revised 3.5 percent in the previous month and compared with market estimates of a 2 percent fall. Electronics output declined further (-17.3% vs -6.1% in January), of which semiconductors (-18.7% vs -6.3%) and computer peripherals & data storage (-17.4% vs -14.4%). Additionally, biomedical manufacturing output growth slowed (6.4% vs 41.3%), namely pharmaceuticals (5.3% vs 59.5%). Meanwhile, chemicals production rebounded (5.2% vs -5.6%), mostly due to precision engineering (26.2% vs 14%), transport engineering (10.9% vs -8.5%) and general manufacturing industries (16.1% vs -10.5%). On a monthly basis, industrial production tumbled 22.3 percent in February, after an upwardly revised 18.7 percent gain in January, its sharpest decline on record, amid the coronavirus pandemic that halted the country's business activities and heavily disrupted supply-chain.
2020-03-26

Singapore Manufacturing Production
In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.