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Singapore PMI October 2021

Singapore: Manufacturing and electronics PMIs remain in expansionary territory in October

The Purchasing Managers’ Indices (PMIs)—produced by the Singapore Institute of Purchasing and Materials Management (SIPMM)—for the manufacturing and electronics sectors both remained in expansionary terrain in October as they continued to recover well from the pandemic’s negative impact.

The manufacturing PMI clocked 50.8 in September, unchanged from August and thus still comfortably above the 50-point threshold that separates expansion from contraction in the sector. The reading marked the 16th consecutive month of expansion in the manufacturing sector and was likely driven by robust expansion rates in new orders, exports and factory output.

Meanwhile, the electronics PMI inched down to 51.1 in October from 51.2 in September, logging the 15th consecutive month of expansion for the sector.

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