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Why Singapore’s manufacturing story holds

Sector-level margin pressure appears more manageable than the headline cost data initially suggests

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    • Electronics accounts for roughly one-third of Singapore’s manufacturing output, and its sustained strength underscores the continued support from artificial intelligence-driven semiconductor demand.
    • Electronics accounts for roughly one-third of Singapore’s manufacturing output, and its sustained strength underscores the continued support from artificial intelligence-driven semiconductor demand. PHOTO: BT FILE

    Adeline Gao

    Published Tue, Jun 16, 2026 · 03:31 PM

    [SINGAPORE] The improvement in Singapore’s purchasing managers’ index (PMI) in May was broad-based.

    New orders, export demand, factory output, purchasing activity and employment all accelerated from April, indicating that manufacturing growth is becoming more entrenched rather than relying on a single driver.

    The electronics PMI rose to 51.9, extending its expansion streak to 12 consecutive months, as it continued to outperform the broader manufacturing sector.

    SemiconductorsPMISingapore manufacturing

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