The Singapore PMI edged lower to 50.7 in May of 2021, slightly easing from an over 2-year high of 50.9 in the previous month, amid the reimposition of COVID-19 restrictions in the city-state. Still, the latest reading pointed to the eleventh straight month of expansions in factory activity. Manufacturers reported slower increases in the sub-indexes of new orders, new exports, factory output, and employment. On the other hand, supplier deliveries, inventory, input prices, and order backlogs advanced at a faster pace. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore averaged 50.36 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 June of 2021.
Manufacturing PMI in Singapore is expected to be 51.00 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 50.00 in 12 months time. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.70 points in 2022, according to our econometric models.