FX.co ★ Singapore Factory Sector Growth Slows in March

Singapore’s Manufacturing PMI registered 50.5 in March 2026, easing slightly from 50.6 in February but remaining in expansionary territory. Growth in new orders, exports, output, and employment persisted, though at a more moderate pace. The electronics PMI—which represents roughly one-third of national manufacturing output—edged up to 51.4 from 51.3, marking a tenth consecutive month of expansion. This sustained performance was driven by stronger growth in new orders, new export orders, factory output, input purchases, and employment. At the same time, the supplier deliveries index contracted for the fifth straight month and at a faster rate, pointing to lengthening delivery lead times. Input prices also rose, as manufacturers contended with escalating supply chain disruptions linked to the conflict in the Middle East.