Industrial and Logistics Market Update Q3 2024
Electronics driving manufacturing rebound
02 January 2025
Key Highlights
- Both the overall and electronics Singapore Purchasing Manager’s Index (PMI) expanded in Q3 2024, indicating manufacturing resilience, despite the economic uncertainties and ongoing geopolitical tensions.
- The increase in manufacturing activity amid a positive outlook for the sector will likely drive demand and result in increased sales volume of industrial properties.
- There are more chipmakers and related businesses expanding by setting up new production plants and research and development (R&D) campuses in Singapore to boost their supply chain resilience.
Read full report here.
