Singapura PMI Industrial

Singapore’s Manufacturing PMI rose to 50.5 in January from December's 50.3, sustaining a six-month period of mild expansion. This was the highest reading since March last year, driven by increases in new orders, exports and output. Still, manufacturers continued to face capacity constraints and supply-chain disruptions. "Avoidance of the Red Sea and Suez Canal routes has lengthened transit times and slowed turnaround schedules", said SIPMM executive director Stephen Poh. The PMI for electronics, which accounts for about one third of the country's output, rose to 51.1 from 50.9 in December, as ongoing strong demand for AI-related memory chips boosted new orders, exports, output, input purchases and employment.