The Singapore PMI stood at 50.8 in October of 2021, the same as in the prior month, marking the sixteenth straight month of expansion. Improvements in the sub-indices of inventory, employment, and supplier deliveries offset slowdowns in new orders, new exports, and output. OCBC Chief Economist Selena Ling said the softening of new orders and new exports might suggest that the peak for foreign demand may have passed, and these will likely slip further after Christmas, adding more downward pressure to the overall picture. Looking ahead, downside risks stemmed mainly from the slowdown in China’s economy, Singapore’s largest export market, after GDP rose less than expected last quarter. source: Singapore Institute of Purchasing & Materials Management, SIPMM

Manufacturing PMI in Singapore averaged 50.38 points from 2012 until 2021, 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 December of 2021.

Manufacturing PMI in Singapore is expected to be 50.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.70 points in 2022 and 51.00 points in 2023, according to our econometric models.

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Singapore Manufacturing PMI


Related Last Previous Unit Reference
Manufacturing PMI 50.80 50.80 points Oct/21

News Stream
Singapore Manufacturing PMI Unchanged in October
The Singapore PMI stood at 50.8 in October of 2021, the same as in the prior month, marking the sixteenth straight month of expansion. Improvements in the sub-indices of inventory, employment, and supplier deliveries offset slowdowns in new orders, new exports, and output. OCBC Chief Economist Selena Ling said the softening of new orders and new exports might suggest that the peak for foreign demand may have passed, and these will likely slip further after Christmas, adding more downward pressure to the overall picture. Looking ahead, downside risks stemmed mainly from the slowdown in China’s economy, Singapore’s largest export market, after GDP rose less than expected last quarter.
2021-11-02
Singapore Manufacturing PMI at 3-Month Low
The Singapore PMI edged down to 50.8 in September of 2021 from 50.9 in August and compared to market expectations of 50.8. The latest reading pointed to the 15th straight month of growth in the manufacturing sector, albeit at the slowest growth since June amid supply chain disruptions. Manufacturers reported slower expansion in new orders, new exports, output, inventory and employment. Also, the supplier deliveries index reverted to contraction after having recorded eight months of continuous expansion. On the other hand, the indexes for finished goods, input prices and supplier deliveries rose further.
2021-10-04
Singapore PMI Eases in August
The Singapore PMI edged down to 50.9 in August of 2021 from 51 in July as local manufacturers continue to be concerned about supply chain disruptions. Manufacturers reported slower expansion of factory output, new orders, inventory, imports, supplier deliveries, and order backlogs. Despite the decrease, the latest reading marks the 14th straight month of expansions in factory activity. Finished goods bounced back after contracting for four straight months, and overall employment expanded for six straight months.
2021-09-03

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.