The Singapore PMI decreased to 44.7 in April of 2020 from 45.4 in March, pointing to a record contraction in the manufacturing sector, due to the coronavirus outbreak and restrictions imposed which include closures of businesses and schools, and asking people to stay home. The Electronics PMI also fell to 42.8 from 44.1.
Manufacturing PMI in Singapore averaged 50.40 points from 2012 until 2020, 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 May of 2020. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore is expected to be 44.10 points 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 51.00 in 12 months time. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.40 points in 2021 and 50.70 points in 2022, according to our econometric models.