Core Insights - The Monetary Authority of Singapore (MAS) report indicates that the manufacturing sector in Singapore has sufficient buffer capacity to cope with price declines without resorting to large-scale production cuts [1] - The overall profit margins in the manufacturing sector remain at a relatively healthy level, providing effective cushioning against market fluctuations [1] - The electronics and precision manufacturing sectors are highlighted as particularly resilient, retaining significant pricing flexibility before reaching unsustainable operational states [1] Manufacturing Sector Performance - Despite a stagnation in year-on-year growth of manufacturing output by Q3 2025, the sector's contribution to GDP has remained stable throughout the year without significant fluctuations [1] - There is notable performance divergence within the industry, with weaker profit margins in sectors like petrochemicals and printing, which may be forced to reduce output to maintain financial sustainability amid intensified price competition [1] External Risks - The MAS warns of potential external risks that could pose new challenges to Singapore's manufacturing sector, such as sudden tariff increases or a sharp decline in global demand [1]