Why Singapore’s manufacturing story holds
Sector-level margin pressure appears more manageable than the headline cost data initially suggests
Add BT as a preferred source
[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.
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months
