Singapore's manufacturing production rose by 2.2% yoy in June 2022, missing market estimates of 6% and slowing sharply from an upwardly revised 10.4% gain in April. While expanding for the ninth straight month, the latest print was the softest pace since January, amid the impact of COVID-19 hit. Output of electronics were sluggish (2.3% vs 22.9% in May), linked to semiconductors; and those of general industries slowed (10.2% vs 11.3), mostly due to food, beverages & tobacco. In addition, production fell faster for both biomedical engineering (-9.2% vs -5.1%), driven by pharmaceuticals; and chemicals (-11% vs -3.3%), dragged down by petroleum and petrochemicals. In contrast, output growth accelerated for both precision engineering (5.6% vs 4%), led by machinery; and transport engineering, due to marine & offshore, aerospace, and land. On a monthly basis, manufacturing output shrank 8.5% in June, the first drop in three months, and swinging from a downwardly revised 9.2% gain in May. source: Singapore Economic Development Board

Industrial Production in Singapore averaged 7.03 percent from 1984 until 2022, 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 August of 2022.

Industrial Production in Singapore is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Manufacturing Production is projected to trend around 3.00 percent in 2023, according to our econometric models.

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Singapore Manufacturing Production



Calendar GMT Actual Previous Consensus TEForecast
2022-06-24 05:00 AM May 13.8% 6.4% 5.8% 7.9%
2022-07-26 05:00 AM Jun 2.2% 10.4% 6% 6.5%
2022-08-26 05:00 AM Jul 2.2%


Related Last Previous Unit Reference
Industrial Production Mom -8.50 9.20 percent Jun 2022
Industrial Production 2.20 10.40 percent Jun 2022

Singapore Manufacturing Production
In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.
Actual Previous Highest Lowest Dates Unit Frequency
2.20 10.40 58.60 -32.30 1984 - 2022 percent Monthly
2015=100, NSA

News Stream
Singapore Manufacturing Growth Below Estimates
Singapore's manufacturing production rose by 2.2% yoy in June 2022, missing market estimates of 6% and slowing sharply from an upwardly revised 10.4% gain in April. While expanding for the ninth straight month, the latest print was the softest pace since January, amid the impact of COVID-19 hit. Output of electronics were sluggish (2.3% vs 22.9% in May), linked to semiconductors; and those of general industries slowed (10.2% vs 11.3), mostly due to food, beverages & tobacco. In addition, production fell faster for both biomedical engineering (-9.2% vs -5.1%), driven by pharmaceuticals; and chemicals (-11% vs -3.3%), dragged down by petroleum and petrochemicals. In contrast, output growth accelerated for both precision engineering (5.6% vs 4%), led by machinery; and transport engineering, due to marine & offshore, aerospace, and land. On a monthly basis, manufacturing output shrank 8.5% in June, the first drop in three months, and swinging from a downwardly revised 9.2% gain in May.
2022-07-26
Singapore Manufacturing Output Growth at 3-Month Peak
Singapore's manufacturing production expanded 13.8% yoy in May 2022, easily beating market estimates of 5.8 rise and accelerating from an upwardly revised 6.4% gain in April. This was the eighth straight month of increase in manufacturing output and the steepest pace since February, amid further easing of COVID-19 curbs. Production growth picked up strongly for electronics (33.6% vs 10.4% in April), mainly boosted by semiconductors. Also, output rose further for precision engineering (3.2% vs 4.7%), mostly led by machinery & systems; transport engineering (12.9% vs 16.6%), lifted by aerospace; and general industries (9% vs 11.4%), driven by food, beverages & tobacco and printing. By contrast, production fell for both biomedical manufacturing (-7.2% vs -1.1%), due to pharmaceuticals; and chemicals (-3.4% vs -3.4%), largely linked to petrochemicals. On a monthly basis, manufacturing output rose 10.9%, the most in three months, way faster than a marginally revised 2.1% rise in April.
2022-06-24
Singapore Manufacturing Growth Tops Consensus
Singapore's manufacturing production advanced 6.2% yoy in April 2022, beating market estimates of a 5.1% rise and accelerating from an upwardly revised 5.1% gain in March. The latest reading pointed to the seventh straight month of increase in manufacturing output amid further easing COVID-19 restrictions. Production rebounded for precision engineering (3.5% vs -1.3%), amid a further rise in electronics (10.4% vs 14.4%), general industries (10.3% vs 10.3%), and transport engineering (17.2% vs 22.8%), mostly led by marine & offshore engineering. At the same time, biomedical manufacturing fell much softer (-1.1% vs -18.4, amid an upturn in medical technology. Meanwhile, output of chemicals 3.4% after rising 0.9%, due to a further fall in petrochemicals. On a monthly basis, manufacturing output grew 2.2%, turning from a downwardly revised 11.2% fall in March, and compared with forecasts of an 8.1% growth.
2022-05-26