, Singapore
/Lenny kuhne for unsplash

China market recovery to boost ‘weakened’ electronics’ sector

Muted electronics sector led to a decline in the purchasing managers’ index.


Manufacturers expect that the recovery of China’s market may improve the weakened electronics sector, Singapore Institute of Purchasing and Materials Management (SIPMM) said.


“This is in spite of facing various global headwinds of high inflation and energy prices, and geopolitical uncertainties,” Sophia Poh, vice president of industry engagement and development at SIPMM, said in a statement.


This as the electronics sector performance caused growth moderation in the purchasing managers’ index (PMI) that declined 0.1 point from 50.1 in July 2022 to 50.0 in August 2022.


SIPMM said the overall manufacturing sector registered 26 consecutive months of expansion. 


The Electronics Sector PMI was down 49.6, which declined 0.9 point from July 2022. The industry contracted after recording 24 months of consecutive expansion

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

DBS and OCBC expected to deliver steady Q1 net profits
Their net interest margins will ease as a result of their Hong Kong loans.
Singapore's maritime cluster navigates towards digital, green future
Adapting to emerging challenges, such as the adoption of alternative fuels, is deemed crucial for the country's maritime sector.
SCG and A*STAR unveil joint labs for cellular immunotherapy enhancement
The partnership has a funding of nearly $30m supported under Singapore's Research, Innovation and Enterprise 2025 plan.