In September, the manufacturing PMI elaborated by the Singapore Institute of Purchasing & Materials Management (SIPMM) fell to 48.7 points from 49.1 points in August. The figure marked the third consecutive monthly decline and drove the index to its lowest level since January. Consequently, the index fell further below the 50-point threshold, which indicates a contraction in the manufacturing sector. The September deterioration mainly reflected a contraction in eight out of the nine categories that compose the index, with the new orders category suffering the largest loss. Finished goods, on the other hand, improved and edged up above the 50-point threshold. Meanwhile, a separate PMI elaborated for the all-important electronics sector deteriorated over the previous month. In September, the index fell to 50.0 points from 50.7 points in August.
Manufacturing PMI drops for third straight month
October 2, 2012
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Singapore Economic News
October 17, 2016
In September, non-oil domestic exports (NODX) dropped 4.8% from the same month last year, deteriorating from August’s flat result.
October 14, 2016
According to advanced estimates released by the Ministry of Trade and Industry on 14 October, GDP declined a sharp 4.1% in Q3 from the previous quarter at a seasonally adjusted annualized rate (SAAR), down from Q2’s revised 0.2% rise (previously reported: +0.3% quarter-on-quarter).
October 14, 2016
At its second scheduled semi-annual meeting of 2016, which took place on 14 October, the Monetary Authority of Singapore (MAS) decided to leave the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged at zero percent.
October 3, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) picked up from 49.8 in August to a 15-month high of 50.1 in September.
September 23, 2016
In August, consumer prices increased 0.5% compared to the previous month, contrasting the 0.3% decrease recorded in July.