Singapore’s manufacturing production advanced 8.5% year-on-year in November 2024, below market expectations of a 10% gain, following a 1.2% rise in the previous month. Industrial output growth accelerated for electronics (26.2% vs 4.2% in October), mainly boosted by rises in semiconductors (28.8%) and computer peripherals & data storage (23.6%), while rebounded for precision engineering (0.6% vs -15.8%). By contrast, production shrank sharply for biomedical manufacturing (-21.2% vs 7.7% in October), due to a slump in pharmaceuticals (-37.1% vs 10.5%). At the same time, output contracted for chemicals (-1.1% vs -2.4%), general manufacturing industries (-2.6% vs 0.3%), and transport engineering (-1.8% vs 11.4%). On a seasonally adjusted monthly basis, manufacturing output fell by 0.4% in November, reversing from a 0.1% gain in October. source: Singapore Economic Development Board

Industrial Production in Singapore increased 8.50 percent in November of 2024 over the same month in the previous year. Industrial Production in Singapore averaged 6.58 percent from 1984 until 2024, reaching an all time high of 58.60 percent in May of 2010 and a record low of -32.20 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 January of 2025.

Industrial Production in Singapore increased 8.50 percent in November of 2024 over the same month in the previous year. Industrial Production in Singapore is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-26 05:00 AM
Industrial Production YoY
Oct 1.2% 9% 1.5% 1.7%
2024-12-26 05:00 AM
Industrial Production YoY
Nov 8.5% 1.2% 10% 9.3%
2025-01-24 05:00 AM
Industrial Production YoY
Dec 8.5% 7%


Related Last Previous Unit Reference
Bankruptcies 108.00 90.00 Companies Nov 2024
Business Confidence 10.00 23.00 points Sep 2024
Car Registrations 5338.00 5153.00 Units Nov 2024
Changes in Inventories 835.60 1333.70 SGD Million Sep 2024
Corruption Index 83.00 83.00 Points Dec 2023
Corruption Rank 5.00 5.00 Dec 2023
Industrial Production YoY 8.50 1.20 percent Nov 2024
Industrial Production MoM -0.40 0.10 percent Nov 2024
Leading Economic Index 110.20 110.10 points Sep 2024
Services Sentiment 13.00 13.00 points Sep 2024

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
8.50 1.20 58.60 -32.20 1984 - 2024 percent Monthly
2015=100, NSA


News Stream
Singapore Manufacturing Output Growth Below Forecasts
Singapore’s manufacturing production advanced 8.5% year-on-year in November 2024, below market expectations of a 10% gain, following a 1.2% rise in the previous month. Industrial output growth accelerated for electronics (26.2% vs 4.2% in October), mainly boosted by rises in semiconductors (28.8%) and computer peripherals & data storage (23.6%), while rebounded for precision engineering (0.6% vs -15.8%). By contrast, production shrank sharply for biomedical manufacturing (-21.2% vs 7.7% in October), due to a slump in pharmaceuticals (-37.1% vs 10.5%). At the same time, output contracted for chemicals (-1.1% vs -2.4%), general manufacturing industries (-2.6% vs 0.3%), and transport engineering (-1.8% vs 11.4%). On a seasonally adjusted monthly basis, manufacturing output fell by 0.4% in November, reversing from a 0.1% gain in October.
2024-12-26
Singapore Manufacturing Output Growth Slows
Singapore’s manufacturing production increased by 1.2% year-on-year in October 2024, slowing sharply from a downwardly revised 9% rise in the previous month and falling short of market expectations of a 1.5% gain. Activity slowed significantly for biomedical manufacturing (7.8% vs 62.3% in September), attributed to weaker output growth in pharmaceuticals (10.5% vs 143.9%). At the same time, output contracted for chemicals (-2.2% vs 3.1%), precision engineering (-15.9% vs 14.5%), and general manufacturing industries (-0.6% vs 2.4%). On the other hand, output rose for electronics (4.3% vs 0.9%) and rebounded sharply for transport engineering (10.9% vs -0.6%). On a seasonally adjusted monthly basis, manufacturing output edged up by 0.1% in October, rebounding from a revised 1.5% fall in September and defying market expectations of a 0.8% drop.
2024-11-26
Singapore Manufacturing Output Growth Slows Sharply
Singapore’s manufacturing production rose 9.8% year-on-year in September 2024, down sharply from a revised 22% growth in August but exceeding the expected 3.5% rise. The broad easing was attributed to a significant slowdown in output growth for electronics (1.9% vs 50% in August), impacted by softer increases in semiconductors (3.1% vs. 55.7%). Production also slowed for (3.4% vs. 11.4%), while activity declined for transport engineering (-1.9% vs. 4.9%). Meanwhile, output for biomedical manufacturing rebounded significantly (62% vs. -14.7%), and activity rose further for precision engineering (14.7% vs. 9.5%) and general manufacturing industries (8.1% vs. 3.4%). On a seasonally adjusted monthly basis, manufacturing output stalled following an upwardly revised 6.9% jump in August, missing market forecasts of a 2.8% decline.
2024-10-25