Singapore: Manufacturing PMI virtually unchanged in December
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) slipped to 52.8 in December from 52.9 in November, which marked the best result since December 2009. As a result, the manufacturing sector recorded its 16th consecutive month of expansion, as it remained above the 50-point threshold that separates expansion from contraction in the manufacturing sector.
December’s result reflected slightly slower expansions in factory output and inventory, which more than offset marginally faster expansions in new orders, new exports orders and employment.
Meanwhile, the electronics PMI edged down from November’s 53.5 to 53.3 in December; nonetheless signaling still-robust expansionary conditions.