Singapore’s factory activity showed a slight improvement at the start of 2026, with the S&P Global Manufacturing PMI edging up to 50.5 in January 2026 from 50.3 in December 2025. The latest reading, updated on 2 February 2026, keeps the index just above the 50.0 threshold that separates expansion from contraction, indicating a modest but continuing expansion in the manufacturing sector.
The marginal uptick suggests that operating conditions for manufacturers in Singapore are improving, albeit slowly. While the gain from December is small, the fact that the indicator remains in expansionary territory may be viewed as a cautiously positive signal for industrial output and related supply chains going into the new year. Investors and policymakers will be watching upcoming readings closely to see whether this gradual momentum can be sustained or strengthened in the months ahead.
