Manufacturing production in Singapore rose by 2.4 percent month-over-month in April 2019, defying market estimates of a 1.3 percent drop and swinging from a marginally revised 2.5 percent fall in March. Industrial Production Mom in Singapore averaged 0.66 percent from 1983 until 2019, reaching an all time high of 29.70 percent in January of 2011 and a record low of -21.80 percent in June of 2010.
Industrial Production Mom in Singapore is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Singapore to stand at 0.50 in 12 months time. In the long-term, the Singapore Manufacturing Production MoM is projected to trend around 1.60 percent in 2020, according to our econometric models.