Singapore: Manufacturing PMI decreases slightly in July
August 2, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) ticked down from 49.6 in June to a five-month low of 49.3 in July. This brought the index further below the 50-threshold that separates contraction from expansion in the manufacturing sector.
June’s result reflected a deterioration in five of the nine sub-components that comprise the index, including new orders and output. However, improvements were recorded in stocks of purchases and delivery times, among others.
Conversely, the electronics PMI increased from 49.0 in June to a 13-month high of 49.7 in July, bringing it to just below the 50-threshold.