Singapore's SIPMM Manufacturing PMI dropped to 50.7 in January of 2019, the lowest since November 2016, from 51.1 in the previous month. The growth has been slowing down since reaching a peak in January 2018. Slower increases were seen in new orders and new exports, output, inventories, as well as employment. The electronics sector PMI extended its decline with a marginal dip of 0.2 points to 49.6 – it was the third consecutive month of contraction. Manufacturing PMI in Singapore averaged 50.60 from 2012 until 2019, reaching an all time high of 53.10 in January of 2018 and a record low of 48.30 in October of 2012.

Manufacturing PMI in Singapore is expected to be 51.40 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Singapore to stand at 51.70 in 12 months time. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.20 in 2020, according to our econometric models.

Singapore Manufacturing PMI
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Forecast Data Chart
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Singapore Business Last Previous Highest Lowest Unit
Business Confidence -14.00 -1.00 54.00 -57.00 Index Points [+]
Manufacturing PMI 50.70 51.10 53.10 48.30 [+]
Industrial Production 2.70 7.60 58.60 -32.20 percent [+]
Industrial Production Mom -5.60 3.10 29.70 -21.70 percent [+]
Changes in Inventories 3416.80 4488.80 6742.20 -6542.70 SGD Million [+]
Bankruptcies 119.00 173.00 507.00 78.00 Companies [+]
Car Registrations 11782.00 9922.00 16204.00 2659.00 [+]
Leading Economic Index 112.00 112.00 112.70 25.50 Index Points [+]
Internet Speed 20345.58 20174.80 20345.58 2170.47 KBps [+]
IP Addresses 1595352.00 1509471.00 1685917.00 433610.00 IP [+]
Competitiveness Index 83.48 82.97 83.48 5.44 Points [+]
Competitiveness Rank 2.00 2.00 8.00 2.00 [+]
Composite Pmi 50.10 52.70 56.80 49.40 [+]
Ease of Doing Business 2.00 2.00 3.00 1.00 [+]
Corruption Index 85.00 84.00 94.00 84.00 Points [+]
Corruption Rank 3.00 6.00 9.00 1.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.70 51.10 53.10 48.30 2012 - 2019 Monthly




Country Last Previous
Australia 52.50 Jan/19
Brazil 52.70 Jan/19
Canada 53.00 Jan/19
China 48.30 Jan/19
Euro Area 50.50 Jan/19
France 51.20 Jan/19
Germany 49.70 Jan/19
India 53.90 Jan/19
Indonesia 49.90 Jan/19
Italy 47.80 Jan/19
Japan 50.30 Jan/19
Mexico 50.90 Jan/19
Netherlands 55.10 Jan/19
Russia 50.90 Feb/19
Saudi Arabia 56.20 Jan/19
Singapore 50.70 Jan/19
South Africa 49.90 Jan/19
South Korea 48.30 Jan/19
Spain 52.40 Jan/19
Switzerland 54.30 Jan/19
Turkey 44.20 Jan/19
United Kingdom 52.80 Jan/19
United States 54.90 Jan/19


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