新加坡10月制造业采购经理人指数从9月的50.1微升0.1点至50，表明该行业的扩张步伐停滞不前。经济放缓主要是由电子行业推动的，该行业约占制造业总产出的40%，其采购经理人指数从50.7下降0.3点至50.4，尽管该行业仍连续第五个月实现增长。新加坡的出口导向型制造业今年表现出了韧性，部分原因是与人工智能相关的持续需求。然而，地缘政治风险、美国关税和特定行业的半导体关税可能会对未来的增长造成压力。尽管10月份出现温和回落，但自4月以来更广泛的复苏趋势保持不变，尽管供应商和工厂产量已恢复收缩，未来的商业指标表明未来的势头减弱。
Singapore’s Manufacturing PMI edged down 0.1 point to 50 in October from 50.1 in September, signaling a stagnant pace of expansion in the sector. The slowdown was largely driven by the electronics sector, which accounts for around 40% of total manufacturing output, and its PMI fell 0.3 point to 50.4 from 50.7, though the sector still posted its fifth consecutive month of growth. Singapore’s export-oriented manufacturing has shown resilience this year, supported in part by sustained demand related to artificial intelligence. However, geopolitical risks, U.S. tariffs, and sector-specific semiconductor duties could weigh on growth going forward. Despite the mild pullback in October, the broader recovery trend since April remains intact, though supplier and factory output has returned to contraction and future business gauges signal weakening momentum ahead.
