Manufacturing

China’s trade ends 2025 with record US$1.2 trillion surplus despite Trump tariff jolt

A policy push for Chinese firms to look beyond US market pays off as they expand into South-east Asia, Africa and Latin America

China's massive surplus in manufactured goods, now exceeds 12 per cent of the country’s own huge economy.

In 2026, trade drama will shift from Washington to Beijing

The real uncertainty lies in the rising resistance to China’s manufactured surplus

Manufacturing employment in the US is now lower than it was for much of Trump’s initial term, which ran from 2017 until his loss to Biden in the 2020 election.

US factory headcount falling despite Trump’s promised manufacturing boom

Overall, hiring has been narrowly focused, with a measure of hiring breadth showing more industries shedding employment than adding

The S&P Global Japan Manufacturing Purchasing Managers’ Index was flat at 50.0 in December, improving from 48.7 in November.

Japan’s factory activity steadies as demand declines slow: PMI

[TOKYO] Japan’s manufacturing activity stalled in December as demand declined at a slower pace from the previous month, a private-sector survey showed, ending a five-month streak of deterioration.

The uptick in the S&P Global Purchasing Managers’ Index for manufacturing was helped by carmaker Jaguar Land Rover returning to normal after a cyberattack shutdown.

UK factories pick up a bit of speed but outlook worries remain

New orders have grown in December for the first time since September 2024; exports and hiring stabilise

South Korea's economy grew in the third quarter at the strongest pace in nearly four years, driven by robust exports and a rebound in consumer spending.

South Korea’s factory activity expands on stronger exports: PMI

Optimism for the year ahead grew to the highest level since May 2022

Despite not having home-grown AI giant, Asean stands to benefit meaningfully from the boom, says the writer.

Asean’s quiet upside in the global tech boom

A rising tide lifts all boats that are seaworthy. Asean’s boats are not the largest in AI, but they are well-positioned and increasingly specialised

The industry ministry kept its outlook for factory output unchanged, saying it would drop 0.75% in 2025, and rise by 1 to 2% in 2026.

Thai factory output unexpectedly falls 4.24% yoy in November

This is due to lower petroleum output, the strong baht and a border conflict with Cambodia

For small-caps on the SGX watch list, turnarounds with limited resources start with consolidation, not expansion, say the writers.
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The S&P Global flash Japan Manufacturing Purchasing Managers’ Index (PMI) rose to 49.7 from 48.7 in November, extending a contraction for the sixth straight month.

Japan’s manufacturing sector contracts at slower pace in December: PMI

[TOKYO] Japan’s manufacturing activity contracted at a slower pace while the service sector lost some steam in December, private-sector surveys showed, weighing on the economy at the end of 2025.