Singapore Manufacturing PMI Rises to Six-Month High

Singapore’s Manufacturing PMI edged up to 50.1 in September from 50.0 in August, marking the highest reading in six months, indicating a modest expansion in the manufacturing sector. The electronics sector, accounting for roughly 40% of total manufacturing output, led the gains, posting a PMI of 50.7, up from 50.4 in August, driven by faster growth in new orders, exports, production, and input purchases. While the sector is expected to maintain its growth momentum entering the fourth quarter, risks to expansion persist, with US tariff pressures, global economic uncertainties, and sector-specific tariffs on pharmaceuticals and electronics potentially moderating growth in the latter half of the year.