manufacturing

The economy eased by 4.1% in the third quarter of 2022.

The sector logged a second month of decline.

The manufacturing industry has been the engine of Singapore’s economic growth since its inception. In 2018, the city-state was singled out as one of the best positioned countries for Industry 4.0 by the World Economic Forum with manufacturing contributing to 21.9% of Singapore's nominal gross domestic product (GDP).

Companies can take advantage of the SG+ twinning model, a study said.

Meanwhile, the electronics sector PMI crawled up to hit 51.

They were awarded for introducing initiatives in the manufacturing industry.

SG is the only APAC country to achieve two UN sustainability goals. 

Nomura expects a 7.1% GDP for Singapore this year.

This is the second month in the row when manufacturing grew at a slower pace.

Electronic firms at 40% were the most optimistic in facing the remaining half of the year. 

This is the highest industrial growth recorded since November 2010.

Transport engineering cluster clocked fastest growth pace since 2006

Singapore’s manufacturing output leaped 30% YoY for the month.