Semiconductor segment to keep fuelling manufacturing demand

Manufacturing goods went up by 8% in Q2.

Based on the advance estimates by the Ministry of Trade and Industry of Singapore, the manufacturing sector expanded its growth from the first quarter of the year to Q2 with its 8% increase.

This growth was supported by the electronics and precision engineering clusters, which saw robust expansions on the back of strong demand for semiconductors and semiconductor manufacturing equipment respectively.

According to HSBC Global Research economist Joseph Incalcaterra, the MTI remains optimistic with the sector.

"Within the advance GDP estimate, the ministry assumes a strong rebound in June industrial production. This is not impossible to achieve, particularly given the fact that semiconductor production is expected to remain strong as Asia’s iPhone supply chain ramps up," he said.

Still, however, any downside surprise in IP data would suggest a downward revision to 2Q GDP in the final print, the economist explained.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia