Singapore manufacturing report
Mixed cluster performance slows manufacturing growth to 1.2% YoY in October
In September, manufacturing output rose by 9.8 YoY.
Manufacturing firms expect improved business environment from October to March 2025
The transport engineering cluster was the most optimistic.
Biomedical segment lifts Singapore’s manufacturing output in September
Excluding the segment, overall output would have decreased by 7.6% MoM.
Economists revise full-year IP growth forecast to 1.5% on August surge
The previous forecast was 1.0%
Manufacturing growth expected to pick up in Q4 2024, led by electronics
In July, output grew by 1.8% YoY.
Manufacturing output up 1.8% YoY in July
Excluding the biomedical manufacturing segment, output would’ve increased by 3.4% YoY.
Manufacturing output drops 1.6% YoY in June
Excluding the biomedical manufacturing segment, output would’ve increased by 1.7% YoY.
Manufacturing output rebounds with 2.9% rise in May
Electronics jumped 20% YoY.
Manufacturing output drops 1.6% YoY in April
Excluding the biomedical manufacturing segment, output would’ve increased by 1.7% YoY.
Manufacturing output drops 3.2% YoY in March
Excluding the biomedical manufacturing segment, output would’ve decreased by 5.9% YoY.
Experts unfazed by manufacturing dip, expect mid-2024 rebound
In January, output decreased by 5.7% MoM.
Signs of a broader recovery in manufacturing to emerge mid-2024
For the whole year, experts predict IP to expand by 4.0%-5.0%.
Manufacturing output dips 2.5% YoY in December
Excluding the biomedical manufacturing segment, output would’ve increased by 0.5% YoY.
Singapore's industrial production to contract by 7.0% in 2023
Expert says the manufacturing sector could remain downbeat for the rest of the year.
Manufacturing output grows 10.7% MoM in September
Excluding the biomedical manufacturing segment, output would’ve grown by 17.9% MoM.
IP to contact 7.0% in 2023: forecast
Experts said weak external demand persist for the rest of the year.
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