Manufacturing Production in Singapore
The economy recorded average manufacturing growth of 4.2% in the decade to 2022. In 2022, manufacturing growth was 2.7%, down from the 13.3% reading of the prior year.
Singapore Manufacturing Chart
Note: This chart displays Manufacturing Production (ann. var. %) for Singapore from 2017 to 2016.
Source: Macrobond.
Singapore Manufacturing Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Manufacturing Production (ann. var. %) | -1.6 | 7.5 | 13.5 | 2.8 | -4.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Singapore manufacturing projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable manufacturing forecast available for Singapore manufacturing.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Singapore manufacturing projections.
Want to get access to the full dataset of Singapore manufacturing forecasts? Send an email to info@focus-economics.com.