📊Executive Summary

Recent data from Singapore indicates that the manufacturing and electronics sectors are experiencing accelerated growth, driven by AI demand. The manufacturing PMI rose to 51.0, marking ten consecutive months of expansion, while the electronics PMI reached 51.9, the highest since August 2018. However, the supplier delivery index has been contracting, indicating longer shipping cycles and ongoing supply chain issues. Despite rising input costs and slower delivery speeds, manufacturers remain cautiously optimistic due to increased order backlogs and improved business confidence. If supplier delivery issues persist, electronics manufacturers may face material shortages in the coming months....