Excerpt from CGS International report.

Report Summary

• Singapore’s Industrial Production Index (IPI) surged by 16.6% year-on-year in January 2026, mainly driven by robust electronics production, particularly semiconductors, fueled by strong AI and server demand.
• Despite a sharp contraction in biomedical manufacturing, overall manufacturing momentum remains positive, with CGS International maintaining a 5.0% growth outlook for Singapore’s manufacturing sector in 2026, supported by AI-related demand and resilient business sentiment.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com