FX.co ★ Singapore Manufacturing PMI Signals Continued Expansion

Singapore's Manufacturing Purchasing Managers' Index (PMI) experienced a slight increase of 0.1 points, reaching 50.3 in December, up from 50.2 in October. This marks the fifth consecutive month that the index has remained above the pivotal 50-point mark, which indicates continued expansion in manufacturing activities. This is the highest level recorded since March 2025. The uptick in PMI is primarily attributed to stronger growth in new orders and increased factory output. Additionally, the electronics sector's PMI saw a rise of 0.3 points, reaching 50.9, sustaining a seven-month trend of expansion, bolstered by strong demand for AI-related servers and components, alongside the benefit of US tariff exemptions on electronic products.