Singapore’s manufacturing production grew by 3.9% year-on-year in May 2025, easing from a downwardly revised 5.6% increase in April but surpassing market expectations of a 2.6% rise. It was the softest annual growth in manufacturing output since February, largely due to a sharp slowdown in electronics production (3.9% vs 14.6% in April), weighed down by steep declines in computer peripherals and data storage.
Meanwhile, output growth accelerated in precision engineering (10.3% vs 1.6%) and transport engineering (25.6% vs 22.4%). Biomedical manufacturing rebounded (6.1% vs -1.8%), as did chemicals (0.3% vs -3.1%). In contrast, general manufacturing industries continued to contract, though at a slower pace (-8.9% vs -15.1%). On a seasonally adjusted monthly basis, manufacturing output fell by 0.4% in May, reversing a downwardly revised 4.9% increase in April. The drop was smaller than market expectations of a 2.5% decline.
