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2026-11-02 16:24:24
[Singapore Manufacturing Business Confidence Rises to 22-Month High] ⑴ Singapore's manufacturing business confidence remained solid and positive in the third quarter of 2026, with the net weighted balance rising to 24% from 12% in the previous survey. This was driven by continued strong global demand for AI-related products, supporting market sentiment despite high geopolitical and economic uncertainties. ⑵ The electronics sector was the most optimistic, with the net weighted balance rising to 42% from 19% in the second quarter, supported by stronger sentiment in semiconductors (47% vs. 29%), computer peripherals and data storage (49% vs. -73%), and other electronic modules and components (35% vs. -18%). ⑶ The biopharmaceutical manufacturing sector also maintained a positive outlook, with the balance rising to 14% from 3%, mainly driven by medical technology (17% vs. -1%). ⑷ In contrast, sentiment in the precision engineering sector weakened, with the balance falling to 48% from 55%, reflecting reduced confidence in machinery and systems (58% vs. 62%) and precision modules and components (6% vs. 28%).
