Singapore's overall factory activity continued its ascent in November, marking a fourth consecutive month of growth, according to a report by The Business Times, citing data from the Singapore Institute of Purchasing and Materials Management (SIPMM) late Tuesday.

PMI was up 50.2 in November, up 0.2 point from 50.0 in October, the highest level in over eight months, the report noted.

Electronics PMI reached the 50.6 mark, representing a sixth straight month of expansion, the report said.

Chua Han Teng, a senior economist at DBS, attributed this to positive growth within the electronics cluster as demand for AI servers continued to increase, the report added.

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