In July, the manufacturing PMI elaborated by the Singapore Institute of Purchasing & Materials Management (SIPMM) dropped to 49.8 points from 50.4 points in June. The subdued reading represents the lowest level recorded since April and indicates that the manufacturing sector is contracting. According to the SIPMM, the drop was "attributed to a decline in new orders and slower growth in new export orders". A separate PMI computed for the all-important electronics sector followed suit and fell from 50.4 points in June to 49.2 points in July. According to the SIPMM, the fall was attributed to a decline in new orders from the domestic and overseas markets.
Manufacturing PMI falls into contracting territory
August 13, 2012
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Singapore PMI Chart
Note: Purchasing Managers
Source: Singapore Institute of Purchasing and Materials Management (SIPMM).
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.