Singapore manufacturing activity hits 51.7 in September, highest since 2018, on AI demand

In September 2026, Singapore's manufacturing activity expanded for the 14th consecutive month, with the PMI rising to 51.7, its highest since October 2018. The electronics sector, a key driver, posted a PMI of 52.9, its 16th month of growth, fueled by strong global AI-related demand. However, rising input costs and prolonged supplier lead times intensified operational pressures. Economists noted that growth in South Korea and Taiwan indirectly benefited Singapore, while some sectors like chemicals faced challenges due to supply chain disruptions and the Middle East conflict. The future business index remained positive, indicating sustained confidence.