Singapore’s manufacturing production grew by 8.6 percent year-on-year in January 2021, beating market consensus of a 5.7 percent gain and after an upwardly revised 16.2 percent surge a month earlier. This was the third straight month of increase in industrial production as the economy recovered further from the COVID-19 crisis. Output advanced further for electronics (19.8% vs 14.8% in December), mostly led by semiconductors (23.8%); chemicals (9% vs 12.4%); precision engineering (15.3% vs 10.7%), of which machinery & systems (20.2%); and manufacturing industries (3.3% vs 3.5%). On the flip side, output continued to fall for both biomedical manufacturing (-8.6% vs -5.3%), mainly due to pharmaceuticals (-16.7%); and transport engineering (-19.0% vs -31.4%). On a monthly basis, manufacturing output rose by 4.8 percent, below forecasts of a 5.5 percent gain and after a downwardly revised 1.4 percent rise in December. source: Singapore Economic Development Board

Industrial Production in Singapore averaged 6.83 percent from 1984 until 2021, 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 March of 2021.

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 6.00 in 12 months time. In the long-term, the Singapore Manufacturing Production is projected to trend around 6.00 percent in 2022, according to our econometric models.

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Singapore Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
8.60 16.20 58.60 -32.30 1984 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-26 05:00 AM Oct -0.9% 25.6% 6.2% 3.3%
2020-12-24 05:00 AM Nov 17.9% -0.8% 15.4% 5.5%
2021-01-26 05:00 AM Dec 14.3% 18.7% 11.5% 8.5%
2021-02-26 05:00 AM Jan 8.6% 16.2% 5.7% 8.5%
2021-03-26 05:00 AM Feb 8.6%
2021-04-26 05:00 AM Mar
2021-05-25 05:00 AM Apr
2021-06-26 05:00 AM May


News Stream
Singapore Factory Growth Beats Estimates
Singapore’s manufacturing production grew by 8.6 percent year-on-year in January 2021, beating market consensus of a 5.7 percent gain and after an upwardly revised 16.2 percent surge a month earlier. This was the third straight month of increase in industrial production as the economy recovered further from the COVID-19 crisis. Output advanced further for electronics (19.8% vs 14.8% in December), mostly led by semiconductors (23.8%); chemicals (9% vs 12.4%); precision engineering (15.3% vs 10.7%), of which machinery & systems (20.2%); and manufacturing industries (3.3% vs 3.5%). On the flip side, output continued to fall for both biomedical manufacturing (-8.6% vs -5.3%), mainly due to pharmaceuticals (-16.7%); and transport engineering (-19.0% vs -31.4%). On a monthly basis, manufacturing output rose by 4.8 percent, below forecasts of a 5.5 percent gain and after a downwardly revised 1.4 percent rise in December.
2021-02-26
Singapore Manufacturing Output Beats Forecasts
Singapore’s manufacturing production jumped by 14.3 percent year-on-year in December 2020, beating market consensus of an 11.5 percent growth and after an upwardly revised 18.7 percent surge a month earlier. Production continued to expand for electronics (41.8% vs 35.2% in November), mostly led by semiconductors (51.0%); and chemicals (12.3% vs 10.0%). Also, precision engineering continued to increase (11.0% vs 6.4%), of which machinery & systems (12.6%). Meanwhile, production of manufacturing industries rebounded sharply (5.9% vs -14.3%). Conversely, output dropped further for both biomedical manufacturing (-13.2% vs 46.3%), mainly due to pharmaceuticals (-22.8%); and transport engineering (-31.5% vs -28.0%). On a monthly basis, production unexpectedly grew by 2.4 percent, missing market consensus of a 0.6 percent fall and after an upwardly revised 7.5 percent surge in November.
2021-01-26
Singapore Manufacturing Output Rebounds
Singapore’s manufacturing production surged by 17.9 percent year-on-year in November 2020, beating market consensus of a 15.4 percent growth and after a downwardly revised 0.8 percent fall a month earlier. Production recovered sharply for electronics (34.9% vs -1.1% in October), mostly led by semiconductors (40.9%); and chemicals (10.1% vs -0.6%). In addition, output of biomedical manufacturing grew much more (40.6% vs 10.7%), mainly due to pharmaceuticals (50.8%). Meanwhile production of precision engineering continued to increase (7.3% vs 11.0%), of which precision machinery & systems (9.4%). By contrast, production fell further for both general manufacturing industries (-13.3.0% vs -10.8%) and transport engineering (-29.5% vs -31.6%). On a monthly basis, production jumped 7.2 percent, after a 19 percent plunge in October.
2020-12-24
Singapore Manufacturing Output Unexpectedly Falls
Singapore’s manufacturing production unexpectedly dropped by 0.9 percent year-on-year in October 2020, missing market consensus of a 6.2 percent gain and after an upwardly revised 25.6 percent jump a month earlier. This was the first decline in industrial output since July, as production fell for general manufacturing industries (-12.8.0% vs -9.5% in September); transport engineering (-31.8% vs -35.8%); electronics (-0.6% vs 33.1%), mostly led by consumer electronics (-2.5%); and chemicals (-0.8% vs 0.4%). In addition, output of biomedical manufacturing grew less (10.2% vs 91.2%), mainly due to pharmaceuticals (14.6%). Meanwhile production of precision engineering rebounded sharply (10.6% vs -0.4%), of which precision machinery & systems (16.8%). On a monthly basis, production rose tumbled 19 percent, the first fall in five months, after an upwardly revised 10.5 percent gain in September.
2020-11-26

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