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.
Author: Dirina Mançellari, Senior Economist