The Singapore Manufacturing PMI edged up 49.8 in July 2023 from 49.7 in June, staying contractionary for the fifth successive period but reflecting a stabilization in the factory activity. Softer falls were recorded in the indices of new orders, new exports, factory output and employment, while inventory decreased faster. At the same time, the gauge of activity in the electronics sector, representing 42% of Singapore's industrial output, increased to 49.3 (vs 49 in June) after 11 months of declines due to growing demand for enhanced integration capacity in AI. source: Singapore Institute of Purchasing & Materials Management, SIPMM
Manufacturing PMI in Singapore averaged 50.33 points from 2012 until 2023, 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 August of 2023.
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. In the long-term, the Singapore Manufacturing PMI is projected to trend around 50.30 points in 2024 and 50.20 points in 2025, according to our econometric models.