Measuring Manufacturing Production - Singapore

Presentation at International Workshop “From Data to Accounts: Measuring Production in National Accounting”

9 Jun 09

Statistical System

Singapore Department of Statistics (SDOS) Central statistical authority responsible for official

statistics on Singapore’s economy and population Decentralised statistical system

Official statistics collected and compiled by the SDOS and Research and Statistics Units (RSUs) in various government ministries and statutory boards

RSUs specialise in statistics on key areas under the purview of their parent organisations

GDP by Production Approach

Industrial classification Singapore Standard Industrial Classification

(SSIC) 2005 Based on ISIC Rev. 4

Current base year: 2000

Profile of Manufacturing Industry

Trends in Economic Structure, 1960-2008

0

50,000

100,000

150,000

200,000

250,000

300,000

1960

1963

1966

1969

1972

1975

1978

1981

1984

1987

1990

1993

1996

1999

2002

2005

2008

GDP at Current Market Prices

ManufacturingServices Producing Industries

Million $

GDP by Industry at Current Prices, 2008   

2008(S$ million)

Share of GVA (%)

GDP at Current Market Prices 257,418.5

Goods Producing Industries 67,438.1 26.0

  Manufacturing 50,275.2 19.4

  Construction 13,255.8 5.1

  Utilities 3,729.2 1.4

  Other Goods Industries 177.9 0.1

Services Producing Industries 178,074.8 68.8

  Wholesale & Retail Trade 44,347.7 17.1

  Transport & Storage 23,317.5 9.0

  Hotels & Restaurants 5,433.5 2.1

Information & Communications 9,612.7 3.7

  Financial Services 33,789.4 13.1

  Business Services 36,295.6 14.0

  Other Services Industries 25,278.4 9.8

Ownership of Dwellings 13,373.3 5.2

Less: FISIM 16,730.1

Gross Value Added At Basic Prices 242,156.1

Add: Taxes on Products 15,262.4

Structure of Manufacturing Industry

Major economic sector

Change in structure over time

 Manufacturing ClustersShare of Nominal

Manufacturing VA (%)

  1990 2008

Total Manufacturing 100.0 100.0

Electronics 31.1 26.3

Chemicals 16.0 10.2

Biomedical Manufacturing 5.3 22.2

Precision Engineering 16.7 14.0

Transport Engineering 9.4 16.1

General Manufacturing Industries 21.4 11.2

Quarterly and Annual VA Compilation

Quarterly Constant Price

VA

Quarterly Current Price

VA

Singapore Manufactured Products Price

Index

Index of Industrial

ProductionBase Year

(reconciled) VA

Annual Constant Price

VA

Annual Current Price

VA

Benchmarked Annual Current Price VA

Census of Manufacturing

Activities

Monthly index of real manufacturing output

Main indicator of manufacturing performance

Available about one month after reference month

Index of Industrial Production (IIP)

Compiled based on a fixed basket of industries, commodities and weight-pattern

Rebased about once every 3 - 4 years to reflect the latest structure of Singapore’s manufacturing sector Current base year is 2007

Compiled by RSU in Economic Development Board Specialises in manufacturing statistics

Index of Industrial Production (IIP)

Monthly price index measuring changes in prices of goods produced by local manufacturers

Available about one month after reference month

Singapore Manufactured Products Price Index (SMPPI)

Annual current price VA estimates are benchmarked against CMA

Preliminary principal statistics e.g. total output, employment and VA are available 2 months after reference year

Breakdown of current price VA into output and intermediate consumption can be obtained from CMA

Census of Manufacturing Activities (CMA)

Improvements and Challenges

Rapidly changing structure of industry Need for indicators to remain relevant

Frequent rebasing of IIP Move towards annual chain-linking of IIP

Improving response rate of surveys by increasing ease of response Varied modes of submission via internet, fax etc Allowing respondents to report in their home

currencies

Improvements and Challenges

Difficulties in measuring output for certain industries E.g. pharmaceuticals: lumpy production,

changes in product-mix result in volatility in pharmaceutical output

Lack of suitable price deflators for some industrial services e.g. ship-building, ship-repairing

Thank You