Singapore's electronics growth shows no signs of letting up

(Aug 28): Singapore’s electronics output surged almost 50% in July from a year earlier, underpinning overall manufacturing in the city state and signaling a global trade recovery is holding up.

Industrial production rose 21%, the fastest pace in seven months, beating all 17 forecasts in a Bloomberg survey of economists. The electronics cluster, which includes products such as semiconductors, computer inputs and data storage, makes up almost a third of overall manufacturing.

Along with Taiwan, South Korea and other export-reliant economies, Singapore is benefiting from a pick-up in global trade, including high-tech products such as smartphones. Even with some slowdown in China, the growth in the technology sector is set to continue, supporting manufacturing, said Weiwen Ng, an economist at Australia & New Zealand Banking Group.

---

Related Stories

• Trump's tariffs hurt more than just China
• Nvidia forecast fails to meet loftiest estimates for AI star
• Valuetronics reports higher 1HFY2025 earnings despite softer revenue, to pay interim dividend of 8 cents

---