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Singapore’s manufacturing sector maintained its expansionary momentum in March, though at a slightly slower pace, according to the latest S&P Global Manufacturing PMI data.
The index edged down to 50.5 in March 2026 from 50.6 in February 2026, remaining just above the 50-point threshold that separates expansion from contraction. The marginal decline suggests that growth in Singapore’s manufacturing activity continued but lost a bit of steam compared with the previous month.
The updated figures, released on 2 April 2026, indicate that while the sector is still in growth territory, the pace of improvement remains subdued, highlighting a cautiously optimistic backdrop for Singapore’s industrial outlook.
