Singapore factory activity growth slows as Asia braces itself for impact of Trump tariffs

February 4, 2025

4 Feb, 2025

SINGAPORE – Singapore’s manufacturing sector – like most of its Asian counterparts – is bracing itself for the impact from a looming trade war triggered by US President Donald Trump’s recently announced tariffs against key trading partners China, Canada and Mexico.

The purchasing managers’ index (PMI), a barometer of the sector, dipped 0.2 point in January to 50.9, down from December’s 51.1 points.

Readings above 50 indicate growth; those below point to contraction.

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