FX.co ★ Singapore Factory Sector Growth Hits Near 1-Year High

Singapore’s Manufacturing PMI edged up to 50.6 in February 2026, its highest level in nearly a year, from 50.5 in January. Factory output and input purchases continued to expand, albeit at a slower pace, while the supplier deliveries index contracted for a second straight month after a brief period of stabilization, pointing to longer lead times. At the same time, input prices, order backlogs, and future business expectations accelerated, even as import growth softened. The finished goods index returned to expansion, and the future business index stayed in positive territory for a fourth consecutive month, underscoring sustained business optimism. In the electronics sector—which accounts for around 30% of national factory output—the PMI rose to 51.3 from 51.1 in January, supported by faster growth in new orders, exports, output, and employment.