Singapore PMI May 2026

According to the latest manufacturing data, Singapore’s Manufacturing Purchasing Managers’ Index (PMI) increased from 50.7 in April 2026 to 51.0 in May 2026. The index therefore remained above the 50-point threshold that separates expansion from contraction, reaching its highest level since December 2024 and marking the tenth consecutive month of expansion in the manufacturing sector.

Manufacturing activity continued to be supported by positive developments across several key indicators. Growth was recorded in new orders, export demand, factory output, input purchases, and employment, reflecting the broad-based nature of the sector’s expansion. The persistence of PMI readings above 50 points indicates that manufacturing firms continued to report improving operating conditions during the period under review.

Business expectations also remained favourable. The future business expectations index stayed in expansion territory for the seventh consecutive month, highlighting continued confidence among manufacturers regarding production activity, market demand, and business performance in the near term.

The electronics industry accounts for approximately 40 per cent of Singapore’s total manufacturing output. The electronics PMI rose to 51.9 in May 2026, exceeding the overall manufacturing PMI and extending the sector’s expansion streak.

Overall, manufacturing indicators suggest that the sector maintained stable growth throughout the first half of 2026. PMI readings above the 50-point benchmark, together with sustained expansion over ten consecutive months in manufacturing and twelve months in electronics, point to continued strength in industrial activity and positive business expectations across major segments of the sector.

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 4.2 trillion, according to estimates for 2026.