Singapore's overall factory activity rose to 50.5 in January, booking its highest reading in the last 10 months, backed by strong demand for artificial intelligence-related products, according to a report by The Business Times, citing data from the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday.

The activity represents a sixth straight month of expansion, with a reading above 50 reflecting expansion, while anything below 50 indicates a decline, the report noted.

Meanwhile, the electronics sector PMI was up by 0.2 point to 51.1, backed by new orders, new exports and factory output, the report added.

However, the supplier deliveries index contracted for a third consecutive month, mainly due to longer delivery lead times, the report showed.

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