Singapore PMI

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Singapore: Manufacturing PMI falls in July

August 3, 2015

The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) fell from 50.4 in June to 49.7 in July, which marked a three-month low. As a consequence, the index is now slightly below the 50-threshold that separates contraction from expansion in the manufacturing sector.

July’s result reflected deteriorations in five of the nine sub-components that comprise the index. Output and new orders reported the largest deceases compared to the previous month. Conversely, delivery times reported the largest improvement.

Also, the electronics PMI decreased from 50.3 in June to 49.5 in July, thus falling below the 50-threshold.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 1.3% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, the panel sees manufacturing output expanding 3.9%.


Author:, Economist

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Singapore PMI July 2015

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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