Singapore's manufacturing production surge 27.5% yoy in June 2021, beating market forecasts of 26.8%, and accelerating slightly from a downwardly revised 27% rise a month earlier. This was the eleventh straight month of growth in manufacturing output and the steepest pace since November 2010, as activity in the economy gained steam following a ramped-up in COVID-19 vaccinations. Output growth accelerated for: electronics (26.2% vs 23.6% in May), mostly led by semiconductors; chemicals (30.6% vs 16.1%), mainly petroleum petrochemicals; and biomedical manufacturing (42.5% vs 36.5%), boosted by pharmaceuticals, and medical technology. Meanwhile, output continued to expand for precision engineering (22.2% vs 33.2%), of which machinery & systems; transport engineering (28.3% vs 45.9%); general manufacturing (17.4% vs 25.0%) On a monthly basis, manufacturing output unexpectedly fell by 3.0%, compared with consensus of a 0.3% rise and after a downwardly revised 4.4% rise in May. source: Singapore Economic Development Board

Industrial Production in Singapore averaged 6.94 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 August of 2021.

Industrial Production in Singapore is expected to be 1.00 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 6.00 percent in 2022, according to our econometric models.

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Singapore Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
27.50 27.00 58.60 -32.30 1984 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-26 05:00 AM Mar 7.6% 16.5% 3% 3.5%
2021-05-25 05:00 AM Apr 2.1% 7.6% 3.4% 3.5%
2021-06-25 05:00 AM May 30% 2.3% 23.6% 9%
2021-07-26 05:00 AM Jun 27.5% 27% 26.8% 27%
2021-08-26 05:00 AM Jul 27.5%
2021-09-24 05:00 AM Aug
2021-10-26 05:00 AM Sep
2021-11-26 05:00 AM Oct


News Stream
Singapore Manufacturing Growth Beats Estimates
Singapore's manufacturing production surge 27.5% yoy in June 2021, beating market forecasts of 26.8%, and accelerating slightly from a downwardly revised 27% rise a month earlier. This was the eleventh straight month of growth in manufacturing output and the steepest pace since November 2010, as activity in the economy gained steam following a ramped-up in COVID-19 vaccinations. Output growth accelerated for: electronics (26.2% vs 23.6% in May), mostly led by semiconductors; chemicals (30.6% vs 16.1%), mainly petroleum petrochemicals; and biomedical manufacturing (42.5% vs 36.5%), boosted by pharmaceuticals, and medical technology. Meanwhile, output continued to expand for precision engineering (22.2% vs 33.2%), of which machinery & systems; transport engineering (28.3% vs 45.9%); general manufacturing (17.4% vs 25.0%) On a monthly basis, manufacturing output unexpectedly fell by 3.0%, compared with consensus of a 0.3% rise and after a downwardly revised 4.4% rise in May.
2021-07-26
Singapore Manufacturing Growth Accelerates Strongly
Singapore's manufacturing production jumped 30% yoy in May 2021, beating market forecasts of 23.6% and picking up sharply from an upwardly revised 2.3% rise a month earlier. This was the tenth straight month of growth in manufacturing output and the steepest pace since November 2010, as activity in the economy gained steam following a ramped-up in COVID-19 vaccinations. Output growth accelerated for: electronics (23.2% vs 7.2% in April), mostly led by semiconductors; chemicals (16.2% vs 14.5%), mainly petrochemicals; precision engineering (58.6% vs 19.5%), of which machinery & systems; transport engineering (44% vs 17.9%); and general manufacturing (27.8% vs 16.4%). In addition, biomedical manufacturing production rebounded strongly (35.6% vs -22.9%), boosted by pharmaceuticals (38%), and medical technology (7.6%). On a monthly basis, manufacturing output unexpectedly grew by 7.2%, compared with consensus of a 0.9% drop and after a revised 0.4% fall in April.
2021-06-25
Singapore Industrial Output Grows Less than Expected
Singapore's manufacturing production rose by 2.1% year-on-year in April, below market forecasts of a 3.4% growth and after a 7.6% gain a month earlier. This was the sixth straight month of increase in industrial output, as a recovery in the economy from the COVID-19 pandemic gained traction. Output expanded further for electronics (6.1% vs 33.7% in March), mostly led by computer peripherals & data storage (33.1%); chemicals (14.4% vs 9.5%); precision engineering (20.4% vs 5.6%), of which machinery & systems (27.0%); general manufacturing industries (18.0% vs -0.5%); transport engineering (19.0% vs -20.6%) Meanwhile, production shrank for biomedical manufacturing (-22.7% vs -6.6%) mainly due to pharmaceuticals (-24.7%). On a monthly basis, manufacturing output grew by 1.0%, beating consensus of a 0.5% gain, rebounding from a 1.7% fall in March.
2021-05-25
Singapore Manufacturing Growth Beats Estimates
Singapore's manufacturing production rose by 7.6% yoy in March, exceeding market forecasts of a 3% growth and after a marginally revised 16.5% surge a month earlier. This was the fifth straight month of increase in industrial output, as a recovery in the economy from the COVID-19 pandemic gained traction. Output grew further for electronics (33.7% vs 30.2% in February), mostly led by semiconductors (37.8%); chemicals (9.5% vs 2.4%); precision engineering (5.6% vs 16.1%), of which machinery & systems (8.3%). Meanwhile, production shrank for general manufacturing industries (-0.5% vs -6.8%) transport engineering (-20.6% vs -21.6%) and biomedical manufacturing (-6.6% vs 22.1%) mainly due to pharmaceuticals (-9.6%). On a monthly basis, manufacturing output unexpectedly fell by 1.7%, the first drop in five months, missing consensus of a 2.2% gain.
2021-04-26

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