Manufacturing

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Census of Manufacturing Activities

The census of Manufacturing Activities survey is conducted annually by the Research and Statistics Unit of the Economic Development Board (EDB). The activities covered in the census include manufacturing and industrial servicing. They are classified according to the Singapore Standard Industrial Classification 2020. The reference period is the calendar year, except for those establishments whose financial years do not coincide with the calendar year. The results provide comprehensive data for the study of the structure and trends of the manufacturing sector.

Index of Industrial Production

The index of industrial production covers all manufacturing activities classified under Section C of the Singapore Standard Industrial Classification 2020. The indices published are at the 2-digit industry division and total manufacturing levels.

The reference year for the index of industrial production is 2019. The value-added weighting pattern is updated annually based on data from the Census of Manufacturing Activities. The weighting pattern reflects the relative importance of the industry divisions and changing structure within the manufacturing sector. The Laspeyres’ annual chain link formula is used for the compilation of the index.

Unit Business Cost Index

The Unit Business Cost Index (UBCI) is compiled by the Singapore Department of Statistics. It measures the relative business cost of producing one unit of real manufacturing output with respect to the base year. The main components of business cost are labour cost, services cost, as well as non-labour production taxes. The UBCI is compiled based on the benchmark on business cost from the Census of Manufacturing Activities (CMA) and extrapolated using data from the Monthly Survey of Manufacturing Activities (MMA).

Data

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Key Indicators

Items	Unit	Latest Period	Latest Data	% Change (Y-o-Y) 1/	Previous Period Data	% Change (Y-o-Y) 2/
Manufacturing
Industrial Production Index (2019=100)		Oct-24	133.5	1.2	136.3	9.0
Total Output 3/ 4/ 5/	S$m	2023	413,931	-10.4	462,054	17.1
Value Added 4/	S$m	2023	115,644	-15.1	136,145	18.0
Employment 4/	'000	2023	360.9	0.8	358.0	2.2
Remuneration 4/	S$m	2023	25,389	2.2	24,839	7.9
Change in Unit Labour Cost of Manufacturing	%	2023	84.6	10.0	76.9	9.5

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Classified according to Singapore Standard Industrial Classification (SSIC) 2020.
4 Refers to all manufacturing establishments.
5 Includes manufacturing output and other operating income.

Index of Industrial Production

Title : Index Of Industrial Production (2019 = 100), Annual

Index

Data Items	2016	2017	2018	2019	2020	2021	2022	2023
Total	85.876	94.813	101.477	100	107.531	121.837	125.126	119.833
Food, Beverage & Tobacco	89.066	94.815	97.729	100.002	91.643	87.295	100.018	98.715
Textiles	135.347	124.337	114.458	100	52.223	30.328	16.902	7.432
Wearing Apparel	40.362	42.696	40.023	100	118.936	164.799	231.491	163.366
Leather Products	135.376	120.43	112.254	100	58.813	92.76	98.757	103.867
Wood And Of Products Of Wood And Cork	124.223	121.471	112.518	100	85.479	127.794	153.776	151.535
Paper & Paper Products	94.579	93.489	100.102	100	96.279	100.308	101.67	96.469
Printing And Reproduction Of Recorded Media	141.163	121.383	110.64	100	84.482	76.528	80.6	71.835
Refined Petroleum Products	97.247	105.888	105.41	100	83.527	86.039	92.514	91.149
Chemicals & Chemical Products	90.94	96.874	101.769	100	100.551	110.171	101.579	92.87
Pharmaceuticals And Biological Products	97.068	83.22	89.665	100	130.684	145.311	130.301	104.793
Rubber & Plastic Products	99.249	101.684	100.097	100	98.799	116.907	122.488	103.961
Non-Metallic Mineral Products	146.901	119.049	104.811	100	64.019	95.852	96.463	101.167
Basic Metals	124.24	126.654	110.925	100	97.569	111.221	108.901	105.125
Fabricated Metal Products	103.341	100.601	100.785	100	91.364	110.296	117.574	106.519
Computer, Electronic & Optical Products	73.738	98.036	106.041	100	111.131	126.717	129.185	125.481
Electrical Equipment	77.026	84.779	95.087	100	90.385	106.859	116.053	98.649
Machinery & Equipment	91.931	97.986	111.927	100	109.581	136.465	152.909	146.419
Motor Vehicles, Trailers And Semi-Trailers	95.475	113.584	109.725	100	87.316	97.715	103.815	120.443
Other Transport Equipment	95.666	94.063	96.958	100	75.676	88.96	108.155	121.12
Furniture	161.567	115.75	108.69	100	65.015	93.595	113.536	122.871
Other Manufacturing Industries	76.676	84.241	92.856	100	109.561	117.956	122.693	122.99

SOURCE : ECONOMIC DEVELOPMENT BOARD

Footnotes

The industries are classified according to Singapore Standard Industrial Classification (SSIC) 2020.

Index Of Industrial Production (Base Year 2019 = 100), Annual

Principal Manufacturing Statistics

Title : Principal Statistics Of Manufacturing, (Excluding Rubber Processing And Granite Quarrying), Annual

Data Items	2016	2017	2018	2019	2020	2021	2022	2023
Establishments (Number)	8,988	9,096	8,788	9,017	9,175	9,540	9,872	Na
Workers (Number)	388,791	386,096	381,872	379,499	370,111	350,385	357,993	360,850
Manufacturing Output (Thousand Dollars)	259,495,928	305,741,733	344,416,710	324,947,659	300,540,821	380,220,516	444,360,770	396,626,589
Materials (Thousand Dollars)	129,439,816	154,772,442	175,057,913	169,160,186	149,028,522	192,573,751	228,528,807	203,844,096
Remuneration (Thousand Dollars)	21,188,974	21,654,399	21,827,870	22,616,800	22,199,667	23,030,172	24,838,653	25,389,283
Other Operating Costs (Thousand Dollars)	74,049,696	88,284,400	90,273,354	76,069,395	75,479,242	86,586,884	97,379,741	Na
Value Added (Thousand Dollars)	70,043,650	79,060,886	99,540,803	92,570,365	88,900,968	115,341,094	136,144,979	115,644,152
Net Operating Surplus (Thousand Dollars)	39,171,912	48,500,203	68,367,344	59,345,814	56,011,131	81,284,124	100,460,455	Na
Sales (Thousand Dollars)	259,132,522	305,132,093	343,536,494	325,215,627	300,006,157	377,472,257	440,244,473	Na
Direct Exports (Thousand Dollars)	178,612,922	213,656,225	239,350,145	227,724,657	223,488,218	278,208,514	320,721,669	Na
Net Fixed Assets At End Of Year (Thousand Dollars)	68,632,792	72,987,314	73,106,607	80,685,035	81,102,393	81,213,492	84,060,522	Na
Gross Fixed Assets At End Of Year (Thousand Dollars)	179,131,694	188,729,523	193,955,305	210,092,054	219,654,925	225,700,758	238,931,672	Na
Total Output * Refers to manufacturing output and other operating income. (Thousand Dollars)	273,533,162	322,117,728	364,872,070	337,799,947	313,408,732	394,501,728	462,053,527	413,930,756

SOURCE : ECONOMIC DEVELOPMENT BOARD

Footnotes

From 2002, figures include data gathered from all manufacturing establishments. Prior to 2002, data refer to establishments engaging 10 or more workers. Valuation of output has been changed to basic price. Historical manufacturing output, total output, operating cost, sales and direct exports have been revised accordingly from 1980. The values of fixed assets are at end of year. Year 2023 data are preliminary estimates.

Principal Statistics Of Manufacturing, (Excluding Rubber Processing And Granite Quarrying), Annual

Selected Averages And Ratios In The Manufacturing Sector, (Excluding Rubber Processing And Granite Quarrying), Annual

Manufacturing Establishments By Industry, Annual

Manufacturing Output In Manufacturing By Industry, Annual

Total Output In Manufacturing By Industry, Annual

Value Added Of Manufacturing Establishments By Industry, Annual

Workers In Manufacturing By Industry, Annual

Remuneration In Manufacturing By Industry, Annual

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