Singapore’s Manufacturing PMI edged down 0.1 point to 50 in October from 50.1 in September, signaling a stagnant pace of expansion in the sector. The slowdown was largely driven by the electronics sector, which accounts for around 40% of total manufacturing output, and its PMI fell 0.3 point to 50.4 from 50.7, though the sector still posted its fifth consecutive month of growth. Singapore’s export-oriented manufacturing has shown resilience this year, supported in part by sustained demand related to artificial intelligence. However, geopolitical risks, U.S. tariffs, and sector-specific semiconductor duties could weigh on growth going forward. Despite the mild pullback in October, the broader recovery trend since April remains intact, though supplier and factory output has returned to contraction and future business gauges signal weakening momentum ahead.