In a subtle yet optimistic shift, Singapore's Purchasing Managers' Index (PMI) for December rose to 51.1, up from November's 51.0, according to the latest data released by S&P Global. The updated figures, which were made available on January 2, 2025, suggest a marginal improvement in the manufacturing sector's growth.
This upward movement, albeit modest, indicates a continued expansion for the small but significant lion city amidst a broader backdrop of global economic uncertainties. Analysts note that the PMI remains above the critical 50.0 threshold, marking sustained sectoral growth since the prior update a month ago.
As Singapore's manufacturing sector navigates a dynamic global landscape, this positive adjustment reflects resilience in the industry. While comprehensive assessment is necessary to gauge long-term trends, the slight uptick instills cautious optimism as manufacturers grapple with supply chain challenges and fluctuating demand.
