Core Viewpoint - The recent manufacturing outlook in Singapore appears fragile due to uncertainties in U.S. trade policies, particularly affecting the electronics and biopharmaceutical sectors [1] Manufacturing Sector - In August, total factory output in Singapore decreased by 7.8% year-on-year, primarily driven by a decline in the production of electronic products and biopharmaceuticals [1] - The semiconductor sector, a key component of electronic products, has experienced a contraction, indicating a softening global demand for chips [1] Trade Policy Impact - U.S.-led tariff uncertainties and pressures to relocate semiconductor production to the U.S. pose significant risks to Singapore's manufacturing landscape [1] - The ultimate impact of these policies will depend on their implementation, which currently lacks clarity [1]
经济学家:贸易不确定性拖累新加坡制造业前景
Xin Lang Cai Jing·2025-09-29 04:28