📊Executive Summary

Singapore's manufacturing sector, particularly the electronics industry, is showing positive growth signals, with the purchasing managers' index (PMI) rising to 51.0 in May, indicating ongoing expansion. The electronics PMI reached 51.9, the highest since August 2018, driven by stronger new orders and exports. However, supply chain issues persist, with supplier delivery times extending, which could lead to material shortages for electronics manufacturers. The article emphasizes the impact of AI-driven demand on growth, while also noting rising input costs and ongoing supply chain challenges that could affect profitability and operational efficiency....