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Singapore – Manufacturing PMI and Industrial Production Index

by Eduardo Petazze
Last updated: May 26, 2015
Singapore’s manufacturing output declined 8.65% YoY (-5.84% MoM) in April 2015
In the 1Q2015 manufacturing output declined by 2.75% YoY (-0.30% QoQ)
According to the 1Q2015 GDP, the manufacturing industry contracted by
2.75% YoY (+0.18% QoQ annualized rate)
Summary of Singapore’s manufacturing activity, according to the Index of Manufacturing
Performance and the surveys of purchasing managers (PMI)
Links:
Manufacturing performance in April 2015 – data – pdf, 6 pages
Singapore – 2015 GDP Outlook
The following table summarizes includes our estimate for the remainder of 2015, and a review for the
calculation of Gross Value Added in manufacturing for 1st. quarter 2015.
Singapore – Manufacturing Production Index
Mfg PMI
2011=100
NSA
Y/Y
SA
M/M
2011
100.00
7.81%
100.09
7.88%
50.1
2012
100.32
0.32%
100.34
0.25%
49.4
2013
102.00
1.67%
101.83
1.48%
50.7
2014
104.73
2.68%
104.60
2.71%
50.8
2015
100.98
-3.59%
100.98
-3.46%
49.8
2016
99.20
-1.76%
99.20
-1.76%
48.8
Latest data
Own estimate
Singapore – Manufacturing Production Index
Mfg PMI
2011=100
NSA
Y/Y
SA
M/M
Jan-14
96.38
3.54%
99.55
-7.44%
50.5
Feb-14
94.31
13.09%
105.95
6.44%
50.9
Mar-14
117.69
12.19%
112.59
6.27%
50.8
Apr-14
108.52
5.31%
108.94
-3.25%
51.1
May-14
100.96
-1.91%
103.05
-5.40%
50.8
Jun-14
107.44
0.74%
103.68
0.62%
50.5
Jul-14
106.64
2.65%
105.60
1.85%
51.5
Aug-14
101.96
3.82%
104.24
-1.29%
49.7
Sep-14
106.06
-1.16%
100.73
-3.36%
50.5
Oct-14
103.72
0.32%
104.06
3.31%
51.9
Nov-14
99.37
-1.93%
102.10
-1.89%
51.8
Dec-14
113.74
-1.80%
104.65
2.50%
49.6
Jan-15
97.55
1.21%
99.96
-4.49%
49.9
Feb-15
91.15
-3.35%
104.34
4.38%
49.7
Mar-15
111.21
-5.51%
105.58
1.19%
49.6
Apr-15
99.13
-8.65%
99.42
-5.84%
49.4
May-15
101.32
0.36%
103.23
3.83%
49.7
Jun-15
102.61
-4.49%
99.23
-3.88%
49.7
Jul-15
102.22
-4.14%
100.77
1.55%
50.2
Aug-15
100.70
-1.24%
102.99
2.21%
49.5
Sep-15
103.38
-2.53%
98.60
-4.26%
49.5
Oct-15
100.24
-3.36%
100.58
2.01%
50.2
Nov-15
99.13
-0.24%
101.59
1.00%
50.5
Dec-15
103.06
-9.39%
95.43
-6.06%
49.5
Jan-16
100.89
3.42%
103.42
8.38%
49.2
Feb-16
92.93
1.95%
105.63
2.14%
48.9
Mar-16
100.27
-9.83%
95.53
-9.57%
48.7
Latest data
Own estimate
Manufacturing Gross Value Added (2010 million)
SAAR
Quarter GVA, NSA GVA, Y/Y GVA, SA GVA, Q/Q
Q/Q
2012Q1
17,555.7
-1.11% 18,292.7
6.18% 27.09%
2012Q2
18,125.5
4.08% 17,889.5
-2.20% -8.53%
2012Q3
17,180.4
-1.44% 17,028.7
-4.81% -17.90%
2012Q4
17,480.7
-0.22% 17,208.1
1.05%
4.28%
2013Q1
16,441.7
-6.35% 17,074.3
-0.78% -3.07%
2013Q2
18,267.3
0.78% 18,010.3
5.48% 23.80%
2013Q3
18,078.8
5.23% 17,975.6
-0.19% -0.77%
2013Q4
18,729.6
7.14% 18,421.6
2.48% 10.30%
2014Q1
18,017.6
9.58% 18,700.5
1.51%
6.19%
2014Q2
18,512.0
1.34% 18,248.9
-2.41% -9.32%
2014Q3
18,380.3
1.67% 18,288.1
0.21%
0.86%
2014Q4
18,482.2
-1.32% 18,173.6
-0.63% -2.48%
2015Q1
17,522.6
-2.75% 18,181.9
0.05%
0.18%
2015Q2
18,419.4
-0.50% 18,163.2
-0.10% -0.41%
2015Q3
18,236.5
-0.78% 18,130.3
-0.18% -0.72%
2015Q4
18,135.8
-1.87% 17,838.9
-1.61% -6.28%
2016Q1
17,182.7
-1.94% 17,830.3
-0.05% -0.19%
Latest data
According estimate included in Singapore 2015 GDP Outlook
Own estimate