Singapore Factory Sector Growth Hits Near 1-Year High

2026-03-02 13:31 By Luisa Carvalho 1 min. read

Singapore’s Manufacturing PMI edged up to 50.6 in February 2026, the highest in nearly a year, from 50.5 in the prior month.

Factory output and input purchases continued to expand, but at a slower pace, while the supplier deliveries index contracted for a second consecutive month, following a brief period of moderation, indicating longer lead times.

Meanwhile, input prices, order backlogs, and future business expectations rose more quickly, despite slower import growth.

The finished goods index returned to expansion, and the future business index remained positive for a fourth consecutive month, reflecting sustained business optimism.

Within the electronics sector, which accounts for about 30% of the country's factory output, rose to 51.3 from 51.1 in January, driven by faster increases in new orders, exports, output, and employment.



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Singapore Factory Sector Growth Slows in March
Singapore’s Manufacturing PMI came in at 50.5 in March 2026, down slightly from 50.6 in the prior month, but still indicating expansion. New orders, exports, output and employment continued to rise but at a slower pace. The PMI for electronics, which accounts for about one third of the country's output, edged up to 51.4 from 51.3 in February, marking the 10th consecutive month of growth. This performance was supported by faster expansion in new orders, new exports, factory output, input purchases, and employment. Meanwhile, the supplier deliveries index contracted at a faster rate and for the fifth consecutive month, indicating longer delivery lead times. Input prices also increased, as manufacturers face intensified supply chain challenges due to the Middle East conflict.
2026-04-02
Singapore Factory Sector Growth Hits Near 1-Year High
Singapore’s Manufacturing PMI edged up to 50.6 in February 2026, the highest in nearly a year, from 50.5 in the prior month. Factory output and input purchases continued to expand, but at a slower pace, while the supplier deliveries index contracted for a second consecutive month, following a brief period of moderation, indicating longer lead times. Meanwhile, input prices, order backlogs, and future business expectations rose more quickly, despite slower import growth. The finished goods index returned to expansion, and the future business index remained positive for a fourth consecutive month, reflecting sustained business optimism. Within the electronics sector, which accounts for about 30% of the country's factory output, rose to 51.3 from 51.1 in January, driven by faster increases in new orders, exports, output, and employment.
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Singapore’s Manufacturing PMI rose to 50.5 in January from December's 50.3, sustaining a six-month period of mild expansion. This was the highest reading since March last year, driven by increases in new orders, exports and output. Still, manufacturers continued to face capacity constraints and supply-chain disruptions. "Avoidance of the Red Sea and Suez Canal routes has lengthened transit times and slowed turnaround schedules", said SIPMM executive director Stephen Poh. The PMI for electronics, which accounts for about one third of the country's output, rose to 51.1 from 50.9 in December, as ongoing strong demand for AI-related memory chips boosted new orders, exports, output, input purchases and employment.
2026-02-02