Singapore's Manufacturing Sector Shows Continued Expansion Despite Slower Growth
Singapore's manufacturing sector expanded for the eighth consecutive month in March, with the Purchasing Managers’ Index (PMI) recorded at 50.5, a slight decrease from February. The Singapore Institute of Purchasing and Materials Management (SIPMM) attributed this moderation to slower growth in new orders, exports, factory output, and employment. However, the input purchases index showed faster expansion, and the supplier deliveries index indicated longer delivery lead times. The electronics sector, driven by global demand for semiconductors and AI hardware, remained a key contributor to this growth. Despite geopolitical uncertainties, such as the US-Iran conflict, the sector's outlook remains positive, reflecting continued business optimism. 
