June manufacturing PMI hits nearly eight-year high at 51.3

AI-driven chip demand continued to support production and order inflows.

Singapore’s Purchasing Managers’ Index (PMI) rose 0.3 point from the previous month to 51.3 in June, its highest level since November 2018.

The reading marked the 10th consecutive month of expansion, according to the Singapore Institute of Purchasing and Materials Management (SIPMM).

The improvement was attributed to stronger growth in new orders, exports, factory output, input purchases, and employment.

“The latest PMI readings indicate that Singapore's manufacturing sector continues to benefit from the artificial intelligence-driven semiconductor super-cycle,” said SIPMM executive director Stephen Poh.

Imports, order backlog, and future business recorded stronger growth in June. The future business index remained in expansion territory for the eighth consecutive month.

Meanwhile, input prices grew at a slower pace, whilst the finished goods index reverted to contraction.

Supplier deliveries contracted at a faster pace for the sixth consecutive month, indicating longer lead times and continued supply chain constraints.

Poh said that ongoing Middle East tensions continued to disrupt global supply chains, leading to slower supplier deliveries and longer lead times.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia