Singapore PMI


Manufacturing PMI inches up in October

The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched up from 48.6 in September to 48.9 in October. However, the index remains below the 50-threshold that separates contraction from expansion in the manufacturing sector.

October’s result reflected improvements in four of the nine sub-components that comprise the index. The result mainly came on the back of increases in output and new export orders, which more than offset a fall in delivery times.

Also, the electronics PMI ticked up from 48.5 in September to 48.6 in October, thus remaining below the 50-threshold.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 3.0% in 2015, which is down 2.0 percentage points from last month’s forecast. For 2016, the panel sees manufacturing output expanding 1.4%, which is down 1.3 percentage points from last month’s estimate.

Author:, Economist

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Singapore PMI Chart

Singapore PMI October 2015

Note: Purchasing Managers’ Index. Readings above 50 points indicate an expansion in the manufacturing sector while readings below 50 points indicate a contraction.
Source: Singapore Institute of Purchasing and Materials Management (SIPMM).

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