📊Executive Summary

In October 2025, Singapore's manufacturing output slowed, with the overall PMI dipping to 50 points, while the electronics sector continued to expand, albeit at a slower rate with a PMI of 50.4. The article highlights the ongoing geopolitical and economic risks affecting export-dependent economies like Singapore, particularly due to US tariffs and trade tensions with China. Despite these challenges, the electronics sector is benefiting from US tariff exemptions and demand related to artificial intelligence. However, there are concerns about future impacts from potential semiconductor tariffs and shifting production to the US. This situation necessitates close monitoring of supply chain dynamics and procurement strategies....