Singapore’s Manufacturing PMI edged up 0.1 point to 50.3 in December from 50.2 in October, marking the fifth consecutive month above the 50-point threshold and the highest reading since March 2025, signaling a modest but sustained expansion in manufacturing activity. The gain was largely driven by stronger growth in new orders and factory output. The electronics PMI rose 0.3 points to 50.9, extending a seven-month streak of expansion, underpinned by robust demand for AI-related servers and components, as well as US tariff exemptions on electronics products.