Singapore PMI


Singapore: Manufacturing PMI falls below threshold

January 6, 2014

The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched down from 50.8 in November to 49.7 in December. The figure came in below the 50.1 points the markets had expected. As a result, the index is now below the 50-point threshold that indicates contraction in the manufacturing sector. The decrease was mainly the result of a fall in both the employment and imports indexes.

The electronics PMI also recorded a deterioration compared to the previous month. The index fell from 51.2 points in November to 50.1 points in December.

FocusEconomics Consensus Forecast panelists expect manufacturing output growth to be 3.6% in 2014, which is unchanged from last month's forecast. For 2015, the panel expects manufacturing output growth to accelerate to 3.5%.

Author:, Senior Economist

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Singapore PMI Chart

Singapore PMI December 2013

Note: Purchasing Managers
Source: Singapore Institute of Purchasing and Materials Management (SIPMM).

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