Why Singapore’s manufacturing story holds
Sector-level margin pressure appears more manageable than the headline cost data initially suggests
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[SINGAPORE] The improvement in Singapore’s purchasing managers’ index (PMI) in May was broad-based.
New orders, export demand, factory output, purchasing activity and employment all accelerated from April, indicating that manufacturing growth is becoming more entrenched rather than relying on a single driver.
The electronics PMI rose to 51.9, extending its expansion streak to 12 consecutive months, as it continued to outperform the broader manufacturing sector.
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