Singapore Manufacturing Growth Holds Steady

2026-09-02 13:19 By Larissa Caser 1 min. read

Singapore's Manufacturing PMI edged up to 51.5 in August 2026 from 51.4 in July, marking just over a year of consecutive monthly expansion and matching the reading from November 2018, supported by strong external demand for memory chips, particularly by major US hyperscalers.

The Electronics PMI, which accounts for more than one-third of manufacturing output, rose to 52.6 from 52.4, as electronics are expected ro remain the main driver, having lifted backlog of orders to record levels and keeping employment robust.

Nevertheless, the conflict in the Middle East remains a drag, deepening supplier delivery times and causing input prices to surge, particularly energy.

Firms continue to draw down fineshed goods inventories, reflecting capacity constraints linked to recent weakeness in electronics non-oil domestic exports and industrial production.

Looking ahead, manufacturers remain optimistic in operating conditions, with the future business index expanded for the 10th straight month.



News Stream
Singapore Manufacturing Growth Holds Steady
Singapore's Manufacturing PMI edged up to 51.5 in August 2026 from 51.4 in July, marking just over a year of consecutive monthly expansion and matching the reading from November 2018, supported by strong external demand for memory chips, particularly by major US hyperscalers. The Electronics PMI, which accounts for more than one-third of manufacturing output, rose to 52.6 from 52.4, as electronics are expected ro remain the main driver, having lifted backlog of orders to record levels and keeping employment robust. Nevertheless, the conflict in the Middle East remains a drag, deepening supplier delivery times and causing input prices to surge, particularly energy. Firms continue to draw down fineshed goods inventories, reflecting capacity constraints linked to recent weakeness in electronics non-oil domestic exports and industrial production. Looking ahead, manufacturers remain optimistic in operating conditions, with the future business index expanded for the 10th straight month.
2026-09-02
Singapore Manufacturing Activity Edges Up in July
Singapore's Manufacturing PMI edged up to 51.4 in July 2026 from 51.3 in June, marking a 12th consecutive month of expansion and the highest reading since November 2018, supported by the ongoing AI-driven semiconductor boom. Growth in new orders, export demand, input purchases and employment strengthened, while factory output expanded at a slower pace (50.8 vs 51.1). Supplier deliveries remained under pressure, with the index falling to 47.8 from 48.3, indicating a seventh straight month of longer lead times amid escalating supply chain disruptions following the collapse of the Middle East ceasefire. Meanwhile, the Electronics PMI, which accounts for more than one-third of manufacturing output, rose to 52.4 from 52.2, also supported by AI-related demand. The future business index remained in expansion territory, underscoring manufacturers' continued confidence in business conditions.
2026-08-03
Singapore Manufacturing Activity at 2018-Highs
Singapore's Manufacturing PMI rose to 51.3 in June 2026 from 51.0 in May, marking the 11th consecutive month of expansion amid the ongoing AI boom. The reading was the highest since November 2018, driven by stronger growth in new orders, new export orders, factory output, input purchases, and employment. Robust AI-driven semiconductor demand continues to support strong production and order inflows, and rising order backlogs. However, finished goods inventories lagged, reflecting that production has yet to keep pace with demand. Geopolitical tensions, although potentially easing, continued to disrupt global supply chains, resulting in slower supplier deliveries and longer lead times. Meanwhile, the Electronics PMI, which accounts for about one-third of manufacturing output, rose to 52.2 from 51.9, supported by the same AI-driven demand. Looking ahead, sentiment remains positive, with the manufacturing sector expected to stay supported by strong demand for AI-related electronics.
2026-07-02