📊Executive Summary

Singapore's manufacturing sector is experiencing a slowdown, with the purchasing managers' index (PMI) for electronics declining to 50.9, indicating weak growth. The PMI has decreased for three consecutive months, reflecting broader regional trends across Asia, particularly in Taiwan and South Korea. While supplier deliveries have increased, indicating improved supply conditions, input prices for raw materials have contracted for the second month, suggesting easing costs. However, uncertainty surrounding US trade policies, particularly under President Trump's administration, is causing caution among businesses and consumers, impacting hiring and spending. Economists predict further weakening in the manufacturing sector, with GDP growth expected to moderate significantly in 2025....