FX.co ★ Slight Uptick in Singapore's Manufacturing PMI Indicates Stabilization in May

Singapore’s manufacturing sector demonstrated signs of stabilization as the S&P Global Manufacturing Purchasing Managers' Index (PMI) marginally improved in May 2025, according to the latest data update on June 2. The PMI rose to 49.7 in May from 49.6 in April, hinting at a deceleration in the contraction of factory activity.

The May reading indicates a modest 0.1 point increase, reflecting slight improvements in the overall business conditions within Singapore’s manufacturing industry. Although the figure remains below the neutral 50.0 threshold, signaling contraction, the upward shift suggests that the industry might be on its way towards stabilization after a challenging period.

This data, a critical economic indicator, highlights the resilience of Singapore’s manufacturing sector in the face of global economic uncertainties. Analysts will be closely monitoring this trend to assess whether this upward trajectory will continue in the coming months.