Singapore PMI


Singapore: Manufacturing PMI falls further in June

July 2, 2014

In June, the manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched down from the 50.8 points recorded in May to 50.5 points. The figure slightly undershot market expectations of the index inching up to 51.0 points. The index is still just above the 50-point threshold that indicates expansion in the manufacturing sector. The largest decreases over the previous month were recorded in the input prices and imports sub-indexes.

The electronics PMI recorded 50.7 points in June, which was slightly up from the 50.4 points recorded in May and overshot the 50.5 points the market had expected.

FocusEconomics Consensus Forecast panelists expect manufacturing output growth of 4.4% in 2014, which is unchanged over last month’s forecast. For 2015, the panel expects manufacturing output growth of 4.2%.

Author:, Senior Economist

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Singapore PMI Chart

Singapore PMI June 2014 0

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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