Singapore manufacturing contracts again

Second contraction following 19 months of expansion

Author

Anand Srinivasan
June 05, 2025

A genuine leader is not a searcher for consensus but a molder of consensus.": Martin Luther King Jr.

Today’s Top Stories:

  • 69% of Singaporean employers reject job applications due to skills gap

  • Commercial vehicles COE premiums drop 1.9%

  • Property prices in Changi area to boom

  • Manufacturing sector contracts for second month in a row

69% of Singaporean employers reject job applications due to skills gap

  • 24% of employers face overqualified candidates

  • 7% of applications are incomplete

  • 59% of jobseekers use AI tools - 52% of employer use AI detectors

Commercial vehicles COE premiums drop 1.9%

  • Certificate of Entitlement (CoE) premium for Category C commercial vehicles drop from $63,189 to $62,000.

  • Motorcycle (Category D) COE increases to $9,000, from $8,707.

  • Fewer CoE bids received show weakening demand. 

Property prices in Changi area to boom

  • From August, commercial and industrial property may be built nine storeys higher

  • Residential houses may be 15 storeys higher near Changi

  • Redevelopment projects in Changi, Pasir Ris, and Tampines expected to increase

Manufacturing sector contracts for second month in a row

  • PMI edges up to 49.7

  • Second contraction following 19 months of expansion

  • Slower contractions attributed to thawing trade tensions between US and China

Chart of the day

Ongoing and Upcoming Events

  • Singapore’s largest insurance ecosystem conference

  • June 03 to 05, 2025

  • 6th year of discussions on packaging value chain

  • 40+ expert speakers

  • June 04 to 05, 2025

  • June 06 - 09 2025

  • Unique B2B and B2C concept food exhibition